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Oil production by country by year1/8/2024 ![]() ![]() Production is expected to climb from 664,033 tons to 765,362 tons.ĭespite the 15 percent increase compared to last year, production is still expected to remain 34 percent below the average of the previous four crop years. While producers in Spain, Italy, Tunisia, Morocco and Portugal anticipate superior harvests this year, the production increases are expected to be more modest than the significant declines predicted in Turkey and Greece.īelow is a summary of what producers and officials expect this crop year in the seven main producer countries.Īfter last year’s historically poor harvest, Spanish officials are optimistic that the 2023/24 crop year will improve. Sources: Olive Oil Times, International Olive Council Over the past four crop years, that figure sits at 82 percent.Īs a result, global olive oil production in the 2023/24 crop year will likely end up below the 2.94 million tons produced in 2022/23, the lowest yield since 2016/17.Īccording to Juan Vilar, a Spain-based strategic consultant for the olive oil sector, global production may fall to 2.4 million tons, an 18 percent decrease compared to 2022/23 and 24 percent below the average of the previous four crop years. ![]() ![]() See Also: 2023 Harvest UpdatesĬombined, Spain, Italy, Tunisia, Greece, Turkey, Morocco and Portugal were responsible for 72 percent of global olive oil production last year. Given the new limit (0.5 % m/m outside ECAS, 0.1 % inside ECAS), it is expected that this will affect the production and the use of fuel oil in the future in Members States further.The start of the harvest is underway across the Mediterranean basin, and preliminary production estimates are already being tallied.Īccording to interviews with farmers, millers, and local officials, the world’s seven largest olive oil-producing countries are forecasted to yield 1.97 million tons in the 2023/24 crop year, a seven percent decrease compared to last year and 23 percent below the average of the previous four crop years. The four ECAS are: the Baltic Sea area, the North Sea area, the North American area, and the United States Caribbean Sea area. Inside of ECAS the limit is set to 0.10 % m/m as a maximum.Outside of Emission Control Areas (ECAS), the sulphur content in the fuel oil used by ships is set to 0.5 % m/m at the most.The goal is to pursue efforts in improving air quality, preserving the environment and protecting human health. On 1 January 2020, “ IMO 2020” came into force. Nowadays, most of the fuel oil produced in the EU is used for international navigation to satisfy the increased need for this transport fuel which has grown in the last years due to increased international trade e.g. Apart from the Netherlands, since 2015 no clear reduction regarding the use of fuel oil in international navigation in the EU is visible. However, the amount of fuel oil used in international navigation has remained more or less constant in the EU during the last twenty years. Since their introduction in 2015, the regulations to lower sulphur oxide (SOx) emissions at sea seemed to have a certain but rather limited impact on the trade and the production of fuel oil. This limit has been revised several times over the last decades. This means that ships must use fuel oil with a limited sulphur content to prevent the emission of ozone-depleting substances, such as sulphur oxides (SOx) ( Directive (EU) 2016/802 of the European Parliament and of the Council). In 1997, the MARPOL Protocol was adopted to amend the Convention and one of its annexes limits the sulphur content in fuel oil used for navigation/shipping.ĭecisions taken at international level (UN) are always transposed to EU law.Īs a consequence, in the EU, the sulphur content in fuel oil is regulated to limit marine pollution from ships. About international navigation and international regulationsĭue to growing concerns over the environmental impact of pollution due to the use of fuel oil, the International Maritime Organization of the United Nations (IMO) organised the International Convention for the Prevention of Pollution from Ships ( MARPOL) in the 1970s. ![]()
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