The meeting of the IOC Statistics Working Group was held on 29 September 2017. According to the provisional data provided by the countries, global production in the 2016/17 crop year is set to reach 2 538 000 t, for a 20% decrease, down by 631 500 t compared to the previous crop year; consumption stands at around 2 740 000 t (-9%); imports and exports are coming in at 799 000 t and 798 500 t respectively.
The member countries of the IOC produce a total of 2 349 500 t, which are 93% of total world production for 2016/17. EU countries as a whole accounted for 1 744 500 t, which is a 25% decrease for the group. In Spain production at 1 283 600 t dropped by 8.5%, followed by Greece with 195 000 t (-39%), Italy with 182 300 t (-62%) and Portugal with 69 400 t (-36%). In the other IOC member countries, production decreased overall by 8% with a total of 605 000 t, with Turkey heading the group with 177 000 t, reporting a 24% increase, followed by 110 000 t in Morocco (-15%), 100 000 t in Tunisia (-29%), 63 000 t in Algeria (-23%), while the remaining countries report a total of 155 000 t.
Consumption in IOC member countries totalled 1 926 500 t, which is an 11% year-on-year decrease. In other non-member countries, consumption is set to come in at around 813 500 t for a 2% year-on-year decrease.
Olive oil performance in 2016/17 and estimates for 2017/18,
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