The most recent data from the olive oil sector, released by SIMA and the National Statistics Institute (INE), point to a 2024/2025 marketing campaign with positive trends, with emphasis on the increase in production in Alentejo. The region remains a national leader, benefiting from the entry into production of new olive groves and the stabilization of existing ones.
Production growth in Alentejo
The production of olives for olive oil in Alentejo is expected to increase by around 15% compared to the previous campaign. This growth reflects the impact of new plantations, as well as the maturity of olive groves in full production. The region’s supply is high and the quality of the olive oil continues to be classified as good, consolidating Alentejo’s position as a reference in the sector.
Stability in olive oil prices
In the national market, average prices for extra virgin olive oil in 5-liter bottles remained stable, standing at 7.06 euros per literwhile virgin olive oil registered a value of 6.74 euros per liter. Despite this stabilization compared to the previous week, the values represent a significant annual variation, reflecting the dynamics of the domestic and international market.
Exports on the rise
Portugal maintains a significant surplus in olive oil trade. Between January and November 2024, exports increased 127% by volume e 110% in value compared to the same period in 2023. The main destination markets – Spain, Brazil and Italy – absorbed more than 75% of total exports, highlighting the growing role of Portuguese olive oil in the global panorama.
On the other hand, olive oil imports registered a decrease of 22%with Spain remaining the main supplier. This decrease highlights the greater self-sufficiency of national production in response to demand.
Outlook for 2024/2025
With the growth in production and the maintenance of stable prices, the olive oil sector in Portugal shows signs of robustness, as suggested by . Rio Grande do Sul’s strategic position, associated with product quality and increased exports, strengthens national competitiveness in an increasingly demanding global market.
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