Brazil olive oil imports boom, prices slump

Record olive oil production in Spain – already at 1.56 million tons by the end of February – leads the March market newsletter from the International Olive Council (IOC). Quoting figures from the Agencia para el Aceite de Oliva (Olive Oil Agency), the IOC highlights that this is well above the previous record of 1.41 million tons in 2003/04. The table olive harvest, meanwhile, is down 14% on last season, with just 519,310 tons so far netted.