Greek olive oil data for the 2013/14 crop year released
The International Olive Council (IOC) released data for the 2013/14 crop year. According to the IOC data, Greek production of olive oil reached 132.000t from an average of 300.000t in a normal year.
This reduction by a staggering 66% in the olive oil produced in Greece in 2013/14 affected the total exports of Greek olive oil.
With a strong internal market for olive oil as Greece remains the market with the largest per capita consumption of olive oil in the world, exports accounted for 52,92% (69.848t) of the total production.
The intra-EU deliveries accounted for 74% (51.963t) of total exports, from which Italy absorbed 62% continuing to benefit from the weakness of Greek companies to sell their olive oil branded in major international markets. Italy is buying olive oil from Greece in bulk and blends it with Italian and other countries’ olive oil and then sells it branded as Italian olive oil.
The top export markets for the remaining 17.885t of Greek olive oil were the US, Canada, Russia, Australia and China. The top EU markets for Greek olive oil for the 2013/14 crop year were Germany, Bulgaria, United Kingdom, Cyprus and Austria.
ELEONES with the recent addition of the German market is now sold in the US, Canada, Germany and France which are, as the above presented data shows, the markets with the best performance when it comes to Greek branded olive oil.