34.9 C
Monday 20 September 2021
HomeNewsTunisia: value of olive oil export hits 1,377 MD at end July

Tunisia: value of olive oil export hits 1,377 MD at end July

The value of olive oil exported by Tunisia reached 1,377 million dinars (166 thousand tons), until end July 2021, against 1,505.6 MD during the same period last year, data provided by the Ministry of Agriculture, Water Resources and Fisheries show.

The olive oil’s average export selling price fell to TND 8.3 per 1 kg, compared to TND 9/Kg in the past 3 months.

As for its export quota to the European Union (56,000 tons), Tunisia exported nearly 31,000 tons (297MD) at a price hovering over TND 9.3/Kg, until the end of July 2021.

4,400 tons of organic olive oil have already been exported at an average price of TND 12/Kg, and around 2,6781 tons (74MD) of olive oil in bulk.

The same figures show that Italy has the lion’s share in terms of Tunisian olive oil export (86%), followed by Spain (16%), France (12%) and Portugal (3%).

Tunisia’s olive oil production saw a significant drop in the 2020-2021 season, to nearly 140,000 tons, compared to the 2019-2020 season that saw a record of 440,000 tons.

1.9 million hectares are allocated for planting olive trees in Tunisia, i.e. 1/3 of the country’s arable agricultural land.


Please enter your comment!
Please enter your name here

- Advertisement -