Olive oil: the prices contained thanks to imports

The precipitation occurred during the month of October allowed farmers to keep hope, but for olive culture, there was nothing more to wait. And the pessimistic perspectives ended up materializing. This is what everyday life Eco inspirations in its edition of Thursday, December 11. “The harvest, which started in the second half of the month of November, only corroborates a disastrous campaign for the third consecutive year. This is a small campaign», We read. The production has never been so low.

A professional indicates that the cost cost is between 2 and 3 dirhams, against 1 dirham before, not to mention the fixed charges associated with production. As for the price of the olive, it is 13 dirhams per kilo. All in all, the loss for the producer is estimated at 3 dirhams per kilo. “”The harvest, which usually extends until January, will be able to end earlier than expected», lit-on encore.

According to Rachid Benali, president of the interpreter and the Comader, “80% of overall production is already harvested». Precise figures on the volume of production is still not available, but the situation is considering the most defeatist scenario.

The water shortage persists. If it continues, as was the case in November, the repercussions will be considerable. In this case, the forecasts count on a production of 40,000 to 60,000 tonnes, thus confirming the short duration of the oliveal season. “Most of this production will come from traditional irrigated olive groves and young intensive olive groves. These irrigated olive groves represent approximately 30% of the olive area of ​​Morocco, estimated at 1.22 million hectares ”, writes Eco inspirations.

As a reminder, in its forecasts, the Ministry of Agriculture expected a decline in olive production for the 2024/2025 season from 11% compared to last year, and 40% compared to the seasons normal.

The liter of olive oil is currently sold between 90 and 110 dirhams, depending on the quality. Prices that remain below forecasts, because everything brought to believe that, given the low harvest, a prices are expected on the market, to the point of exceeding 120 dirhams per liter. The announcements announced the prices and contributed to stabilize the market. It is planned to import 10,000 tonnes of Spanish olive oil by the end of the year, with the added bonus of the suspension of import duties.