Browsing: olive oil

After challenges in recent olive harvests in major producing countries, expectations for a better harvest this season are opening up prospects for a larger global availability of olive oil. Tunisia is one of the countries expected to increase its production volumes. The country’s embassy in Brazil is taking steps to boost exports to the Latin American giant.

The Moroccan government has authorized the export of Brazilian olive oil into its market, the Brazilian Ministry of Agriculture and Livestock said. The Arab country, whose local production was impacted by drought, has taken at least two other steps this year to favor trade with Brazil.

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.