15 Dec

Argentina’s olive exports set new record

Argentina’s olive and olive oil exports set a new record of 148 million U.S. dollars in the first ten months of this year, local media reported Sunday.

From January to October, Argentina exported 76,300 tons of olives, with a net profit of 98.5 million dollars, Argentine authorities said.

Olive exports and the net profit rose by 18.8 percent and 33.8 percent respectively from the previous year.

The current export price for olives reached 1,290 dollars per tonne, up 12.6 percent year-on-year.

A total of 29 countries or regions import olives from Argentina, the world’s fourth-largest olive exporter.

In the first ten months this year, Argentina exported 43,000 tons of olive to Brazil, the largest olive importer, with a net profit of 49.3 million dollars.

From January to October, Argentina exported 14,100 tons of olive oil, with a net profit of 50.3 million dollars, gains of 19.1 percent and 5.5 percent respectively.

The main importers of Argentina’s olive oil include the United States, Brazil, Italy and Spain.

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