11 Dec
Spain:SOS Cuetara sees record 1.6 bln tonnes olive oil production in 2007-2008
SOS Cuetara SA said it is targeting a record 1.6 bln tonnes in olive oil production in 2007-2008, reiterating comments made by chairman Jesus Salazar in a recent interview with Thomson Financial News.
In a presentation, SOS Cuetara said it expects olive oil prices to remain stable and competitive in the 2007-2008 season, thanks to an expected recovery in internal demand and a positive trend in exports.
Nevertheless, it said heavy demand will not be enough to meet the record amount of production, with olive oil reserves for the end of the 2007-2008 season seen at 345,000 tonnes.
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Tuesday, December 11th, 2007 at 1:48 pm under
