Morocco’s Olive Oil Production Surges 25%, European Commission Reports

Moroccan olive oil production is expected to increase by 25% by the end of 2022, according to the latest data from the European Commission (EC). The latter forecasts an increase of 40,000 tons. The EC’s Spring 2022 outlook for agricultural products shows that global olive oil production has largely recovered in non-EU countries.

In the main olive oil producing countries, production has largely increased or remained stable, notes the EC. Tunisia’s production and Morocco’s production have increased by 70% and 25% respectively, while Turkey’s production has remained stable, the report states. Production levels have rebounded. However, olive oil prices remain 15% above the five-year average: between 320 and 330 euros per 100 kg, it is specified.

In Morocco, the olive oil industry holds 19% of the domestic edible oil market. The sector employs 380,000 people. Exports between 2013 and 2017 averaged around 1.8 billion dirhams per year. Agricultural reforms have been undertaken to boost the sector. We can mention the Moroccan Green Plan and Generation Green 2020-2030 aimed at increasing the sector’s global exports to 60 billion dirhams by 2030.