MARKET NEWSLETTER – JULY-AUGUST 2015

Although too many variables are still in play, world olive oil production in 2015–2016 looks set to be higher than in 2014/15 but lower than in 2013/14

Latest forecasts assess world olive oil production in 2015/16 at more than 2 500 000 t, placing it in between the levels of 2014/15 (2 287 000 t) and 2013/14 (3 244 000 t).
Heavy uncertainty hangs over the olive oil crop in Spain for 2015/16. Even so, it is expected to be more than 40 pc higher than in 2014/15. The past 12 months have seen complicated weather conditions and record temperatures during key phenological stages of the olive