Receipts from olive oil exports grow 88.8% (ONAGRI)

Tunis: Receipts from olive oil exports grew 88.8% to TND 3,963.0 million during the first seven months of the 2023/24 crop year (November 2023-May 2024) compared to the same period in 2022/23, the monthly newsletter released Saturday by the National Observatory of Agriculture (ONAGRI) shows. The volume of exports posted a 12.3% rise to 148,700 tonnes; likewise, the average price trended upwards (+68.2%). Spain is the main buyer with 47.4%, followed by Italy (42.2% ) and the USA (33.8%). Sales of organic olive oil totalled 32,589 tonnes and amounted to TND 880.9 million. The share of organic olive oil in Tunisian olive oil exports is of 21.9% in volume and 22,2% in value. Exports of packaged olive oil did not exceed 5% of exported organic olive oil. Italy is the main destination (50.69%) followed by Spain (30.65%) and France (12,27%). Source: Agence Tunis Afrique Presse

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