To circumvent the rising prices of olive oil, Brazilians are buying it in smaller volumes, according to Rita Bassi from the Oliva association. The outlook is for a decrease in prices, however, due to the good olive harvest beginning in producing countries.
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Olive production in the Arab country is estimated to reach nearly 740,300 tons, and olive production is estimated at nearly 94,800 tons. Mediterranean climate and mountain soil are beneficial to olive growing.
On a visit to the Arab Brazilian Chamber, a delegation led by André Mourad Hawary asked for support to bring more Brazilian tourists to the country. They also want to boost exports of fertilizers and olive oil to Brazil.
The Rio Grande do Sul entrepreneur sells brands from Lebanon and Tunisia in her store. She is also a sommelière and has already judged olive oils in competitions in Dubai, UAE.
For the first time ever, Chemlali-type olive oil by Tunisia’s Olivko brand was named the best extra-virgin in the world in an award in the United States.
Foreign sales fetched USD 537 million from November 2017 through April 2018. Brazil is one of the leading buyers of Tunisian bottled olive oil.