Global production of table olives is expected to increase during the 2021-2022 crop year, according to the latest estimates from the International Olive Council (IOC). However, according to the same data, in Greece the drop in production of table olives this year (2021-2022) is expected to exceed 20%.
Specifically, according to the latest estimates for the crop year 2021-2022, the data show an increase of 7% in the production of table olives worldwide, which is expected to reach 2,846,500 tons.
The provisional data for the production of the growing season 2020-2021 show 2,661,000 tons of table olives, a quantity that is 10.1% lower, compared to the previous year.
Among the Council member countries, Spain produced 20.5% of the table olives worldwide, an increase of 19.3% over the previous year. Egypt produced 18.8% of the total, recording a decrease of 23.1% compared to the growing season 2019-2020.
Consumption is expected to increase by 1.2%, compared to the 2020-2021 crop year.
During the 2020-2021 growing season (September 2020 – August 2021), imports increased by 23% in Australia and Canada, 9% in the USA and 4% in Brazil compared to the same period of the previous growing year. During the period 2020-2021, intra-EU purchases decreased by 4% and imports from outside the EU increased by 12%, compared to the same period of the previous growing season.
Latest News
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards