2018/19 Campain Balance
We already have the latest information about the 2018/19 campaign, the Food Information and Control Agency has provided some data that corresponds to production, imports and exports among others. Comparing this data with those of the previous year, in the 2017/18 campaign the total production was 1,262,200 tons of olive oil, which, in the 2018/19 campaign was 1,787,800 tons of olive oil. As we can see, the increase in production is considerable, specifically in more than 500,000 tons. * Data in thousands of tons. ** Own elaboration with data from the Food Information and Control Agency (AICA). In the case of total imports, in the 2017/18 campaign there was 164,000 tons of olive oil and in the case of the 2018/19 campaign there was 134,000 tons of olive oil. In this case we see the decline in olive oil imports by 30,000 tons, which could be offset by the increaase in production in the 2018/19 campagin. Finally we have exports, which in the 2017/18 campaign there was 883,900 tons of olive oil and in the 2018/19 campaign there was 917,400 tons of olive oil. In this case we have a slight increase in exports by more than 30,000 tons, which makes sense since the 2018/19 campaign experienced greater production. In conclusion, the 2018/19 campaign had a great production however the production for the 2019/20 campaign is not expected to be so high,we will have to wait to finalize the present campaign to be able to draw concrete conclusions.