Supply Chain

Portugal Quadruples Olive Oil Production In Last Decade

Share this article

Over the last decade, Portugal has quadrupled its production of olive oil and tripled the volume of exports to €434 million in 2016, reports Publico.

As a result, Portugal has gone from a net importer of olive oil, with a deficit of €50 million in 2008, to a trade balance surplus of €170 million in 2016, according to the State Secretary for Agriculture, Luís Vieira.

Last year, Portugal became the seventh largest olive oil producer in the world and the fourth largest exporter. According to Viera, the result was achieved due to a combination of factors. These include new irrigated areas, especially in the Alqueva region, innovative and qualified investments in modern orchards, and the high technological profile of the productive structures.

In addition, the government’s Programa de Desenvolvimento Rural (rural development programme) supported 4,000 investment projects between 2007 and 2014, for a total amount of €700 million.

Viera is confident that olive oil production could reach 120,000 tonnes by 2020, largely resulting from the the production of new olive groves.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days

Copyright © 2022. All rights reserved. Developed by Square1 and powered by PublisherPlus.com