memoria COI

8/3/2019 memoria COI

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38th meeting of the IOC Advisory

Committee on Olive Oil and Table

Olives

Madrid , 17 October 2011



Exchange of information

on the olive oil and table olive market.



•The balance for 2009/10, 2010/11 and 2011/12 crop year will not be approved unti l the November 2011 session.The figures presented here are likely to change.



Rape Oil (Fob Hamburg)

US $/tm

200

700

1200

1700

2200

2700

3200

3700

4200

4700

o c t -

0 7

N -

0 7

D -

0 7

E -

0 8

F -

0 8

M -

0 8

A -

0 8

M -

0 8

J -

0 8

J -

0 8

A -

0 8

S -

0 8

o c t -

0 8

N -

0 8

D 0 8

E 0 9

F 0 9

M 0 9

A 0 9

M 0 9

J 0 9

J 0 9

A 0 9

S 0 9

o c t -

0 9

N 0 9

D 0 9

J 1 0

F 1 0

M 1 0

A 1 0

M 1 0

J 1 0

J 1 0

A -

1 0

S -

1 0

O -

1 0

N -

1 0

D -

1 0

J -

1 1

F -

1 1

M -

1 1

A -

1 1

M -

1 1

J -

1 1

J -

1 1

A -

1 1

S -

1 1

Extra Virgin Olive Oil

(Spain)

Groundnut Oil (CIF Rott.)

Cotton Oil (FOB Gulf)

Corn Oil (FOB Gulf)

Sun. Oil (FOB Argentina)

Palm Oil, crude (CIF N.W. Eur.)

Source: Oil World Annual

Soybean Oil (US. FOB Gulf)

PRODUCER PRICES FOR SEED OILS vs VIRGINOLIVE OIL



0

50

100

150

200

oct-07

N-07D-07E-08F-08 M-08

A-08 M-08

J-08J-08A-08S-08oct-08

N-08D08 E09 F09M09 A09M09 J09 J09 A09 S09 oct-09

N09 D09 J10 F 10M10 A10M10 J10 J10 A-10S-10oct-10

N-10D-10J-11F-11 M-11

A-11 M-11

J-11J-11 A-11S-11

Soybean oil, US. (Fob Gulf) Cotton oil

Corn oil Palm oil crude

PRODUCER PRICE INDICES FOR SEED OILS vsVIRGIN OLIVE OIL



0

50

100

150

200

oct-07

N-07D-07E-08F-08 M-08

A-08 M-08

J-08J-08A-08S-08oct-08

N-08D08 E09 F09M09 A09M09 J09 J09 A09 S09 oct-09

N09 D09 J10 F 10M10 A10M10 J10 J10 A-10S-10oct-10

N-10D-10J-11F-11 M-11

A-11 M-11

J-11J-11 A-11S-11


Groundnut oil Sun oil





0

50

100

150

200

oct-07

N-07D-07E-08F-08 M-08

A-08 M-08

J-08J-08A-08S-08oct-08

N-08D08 E09 F09M09 A09M09 J09 J09 A09 S09 oct-09

N09 D09 J10 F 10M10 A10M10 J10 J10 A-10S-10oct-10

N-10D-10J-11F-11 M-11

A-11 M-11

J-11J-11 A-11S-11


Groundnut oil Sun oil


virgin olive oil




160,0

180,0

200,0

220,0

240,0

260,0

280,0

300,0

320,0

340,0

360,0

380,0

400,0

O-08 N D E F M A M J J A S O-09 N D J F M A M J J A S O-10 N D J F M A M J J A S

Euros/100 kg

MOVEMENTS IN PRODUCER PRICES

EXTRA VIRGIN OLIVEAverage monthly prices

Monthly prices Extra Virgin Oli ve Oil Bari (Italy)

Monthly prices Extra Virgin Oli ve Oil Jaén (Spain)

Monthly prices Extra Virgin Oli ve Oil Iraklion/Mess inia (Greece)

Monthly prices Extra Virgin Oli ve Oil Sfax (Tunisia)

Monthly prices Extra Virgin Oli ve Oil Tras os Montes (Portugal)

2008 / 09 2009 / 10 2010 / 11











PROSPECTS 2011/12 – OLIVE OIL

OLIVE OIL 2009/10* 2010/11* 2011/12*

Starting stocks 669.5 740.0 767.5

Production 2973.5 3011.0 3142.5

Imports 652.0 705.0 710.0

Consumption 2902.0 3014.5 3070.0

Exports 653.0 674.0 714.0

Ending stocks 740.0 767.5 836.0

Stocks / Exports-Imports +70.5/+1 +27.5 / -31.0 +68.5 / +4.0

(thousand tonnes)

* The balance for this crop year will not be approved until the November 2011 session. The figures presented here are likely to change.









OLIVE OIL IMPORTS (1,000 tonnes)

1990/91 – 2010/11

1,000 t

0

100

200

300

400

500

600

700World Imports

World Imports



OLIVE OIL IMPORTS (1,000 tonnes)

1990/91 – 2010/11

1,000 t

0

100

200

300USA EU/27 Brazil

Australia Canada Japan

Others



EU/2716%

Others21%

Canada6%

Brazil8%

Australia5%

Japan5%

USA39%

OLIVE OIL IMPORTS

2010/11



* Heading: 150910

Movements in virgin olive oil * export prices(euros/kg)



* Heading: 150990

Movements in olive oil* export prices

(euros/kg)



MONTHLY EXPORTS IN TONNESVirgin Olive Oil*

* Heading: 150910



MONTHLY EXPORTS IN TONNESOlive Oil*

tonnes

* Heading: 150990



0

50

100

150

200

250

300

1990/ 91 1992/ 93 1994/ 95 1996/ 97 199 8/ 9 2000/ 1 2002/ 3 2004/ 5 2006/ 7 2008/ 09 2010 / 11

OLIVE OIL IMPORTS *

USA

1990/91 – 2011/12

(est.)

0

5.000

10.000

15.000

20.000

25.000

30.000

35.000

O ct ober Novem ber December Januar y Febr uar y Mar ch Apr il May June July August Sept ember

2009/10 2010/11

1,000 t

tonnesMonthly imports

2009/10 and 2010/11 crop ye ars

•Including olive-pomace oils

Source: United States Department of Agriculture Foreign Agricultural Service

tonnes



0

20

40

60

80

100

93/ 94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01 -feb 02 /03 03/ 04 0 4/ 05 05 /06 06/07 07 -ago 08- sep 09-o ct

Containers < 18 kg

Containers > 18 kg

0

50.000

100.000

150.000

200.000

250.000

300.000

93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10

Containers > 18 kg

Containers < 18 kg

USA

IMPORTS BY CONTAINER (%)

OLIVE OIL IMPORTSBY CONTAINER

CUMULATIVE IMPORTS (tonnes)



0

50

100

150

200

250

1997/ 98 1999/ 0 2001/ 2 2003/ 4 2005/ 6 2007/ 08 2009/ 10 2011/ 12(est .)

OLIVE OIL IMPORTS EUROPEAN UNION1,000 t

0

5.000

10.000

15.000

20.000

c tober ov em be r ec em ber anuary e brua ry arc h pri l a y une J uly ugus t eptem ber

2009/10 2010/11

tonnes

Extra-EU

Monthly imports2009/10 and 2010/11 crop years

tonnes

Source: Eurostat



0

200

400

600

800

1000

1200

2000/ 1 2 001/ 2 2 002/ 3 20 03/ 4 20 04/ 5 2 00 5/ 6 2 006 /7 20 07 /08 200 8/ 09 20 09/ 10 20 10/ 11(est .) 2011/ 12 (est .)

OLIVE OIL IMPORTS EUROPEAN UNION1,000 t

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

110,000

120,000

O ctober November Decembe r January Februa ry March Apr il May Ju ne July Au gust September

200 9/10 2010/ 11

tonnes

INTRA-EU


tonnes

Source: Eurostat



0

10

20

30

40

50

60

70

1990/ 91 1992/ 93 1994/ 95 1996/ 97 1998/ 9 2000/ 1 2002/ 3 2004/ 5 2006/ 7 2008/ 09 2010/ 11

OLIVE OIL IMPORTS*

BRAZIL

1990/91 – 2011/12

0

1.000

2.000

3.000

4.000

5.000

6.000

7.000

8.000

O ct ober November December January Februar y Mar ch Apr il May June July August Sept ember

2009/10 2010/11

(est.)

1,000 t

tonnes


* Including olive-pomace oils

tonnes

Source: Ministerio do Desenvolvimento, Industria e Comercio Exterior, Brasil



0

5

10

15

20

25

30

35

40

45

1990/91 1992/93 1994/95 1996/ 97 1998/9 2000/1 2002/3 2004/ 5 2006/7 2008/ 09 2010/11

JAPAN

OLIVE OIL IMPORTS*

1990/91 – 2011/12

(est.)

0

500

1.000

1.500

2.000

2.500

3.000

3.500

4.000

4.500

5.000

c to ber ov emb er ec em ber anuary ebruary arc h p ri l ay J une u ly u gus t eptem ber

2009/10 2010/11

1,000 t

tonnes

Monthly imports2009/10 and 2010/11 crop ye ars

tonnes

* Including olive-pomace oils

Source: Trade Statistics of Japan –Ministry of Finance



0

5

10

15

20

25

30

35

40

45

1990/ 91 1992/ 9 3 1994/ 95 19 96/ 97 1998/ 9 200 0/ 1 2002/ 3 2004/ 5 2 006/ 7 2008/ 09 2010/ 11

CANADA

OLIVE OIL IMPORTS *

(est.)

1990/91 – 2011/12

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

ctober ovember ecember anuary ebruary arch pr ay une u y ugust eptember

2009/10 2010/11

1,000 t

tonnes

tonnes

* Including olive pomace oils

Source: Statistics Canada – International Trade Division




1,000 t

0

5

10

15

20

25

30

35

40

45

1990/91 1992/93 1994/ 95 1996/97 1998/ 9 200 0/1 2002/3 2004/5 2006/ 7 200 8/09 2010/11

AUSTRALIA

OLIVE OIL IMPORTS *

(est.)

1990/91 – 2011/12

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

Oc to ber Nov emb er De c em ber J anuary Fe brua ry Marc h Apri l M ay J une J uly Augus t eptem ber

2009/10 2010/11

tonnes


tonnes


Source: Australian Bureau of Statistics



1,000 t

0

5000

10000

15000

20000

25000

30000

35000

1 7/ 1 / 1 / / 1 1/ / / / 5 5/ 6 6/ 7 7/ / / 1 1 / 11 11/ 1

OLIVE OIL IMPORTS *

1997/98 – 2011/12

tonnes


tonnes


Source: Global Trade International

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

c tober Nov em ber De c em ber J an uary Febru ary arc h Apri l M ay un e J uly Augus t Septem ber

2009/10 2010/11

CHINA



1,000 t

0

10

20

30

/ 1 1/ / / / 5 5/ 6 6/ 7 7/ / / 1 1 / 11 11/ 1 st . )

OLIVE OIL IMPORTS *

2000/01 – 2011/12

tonnes


tonnes



0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

c tober Nov em ber De c em ber J an uary Febru ary arc h Apri l M ay un e J uly Augus t Septem ber

2009/10 2010/11

RUSSIA



1,000 t

0

1 0

2 0

3 0

20 00 /0 1 20 01/ 02 20 02 /0 3 20 03 /0 4 2 00 4/ 05 2 00 5/ 06 2 00 6/ 07 2 00 7/ 08 2 00 8/ 09 2 00 9/ 10 2 010 /11 2 011/ 12( es t .)

OLIVE OIL IMPORTS *

2000/01 – 2011/12

tonnes


tonnes



0

500

1000

1500

2000

2500

Oc tober ov e mb er Dec em ber anuary e brua ry Ma rc h Apri l M ay J une J uly Aug us t e ptem ber

2009/10 2010/11

SOUTH KOREA



Possible influence of currency aspects on international trade in olive oil



•The balance for 2009/10, 2010/11 and 2011/12 crop year will not be approved unti l the November 2011 session.The figures presented here are likely to change.



PROSPECTS 2011/12 – TABLE OLIVES

TABLE OLIVES 2009/10* 2010/11* 2011/12*

Starting stocks 378.5 483.5 706.0

Production 2368.0 2412.5 2604.5

Imports628.5 558.5 613.5

Consumption 2199.0 2161.5 2338.5

Exports 693.0 587.0 758.5

Ending stocks 483.5 706.0 827

Stocks / Exports-Imports +105.0/+64.5 +222.5 / +28.5 +121.0 / +125.0

(thousand tonnes)

* The balance for this crop year will not be approved until the November 2011 session. The figures presented here are likely to change.









TABLE OLIVE IMPORTS

WORLD TREND 1990/91 – 2011/12

1990/91 1991/92 1992/93 1993/94 1994/95 1995/96 1996/97 1997/98 1998/9 1999/0 2000/1 2001/2 2002/3 2003/4 2004/5 2005/6 2006/7 2007/8 2008/9 2009/102010/11(prov.) 2011/12(est.)

IMPORTS 213 215 209,5 211,5 249 251,8 282,5 305,5 313 329,5 358 400 449,5 441 480 495 522 582,5 546 628,5 558,5 613,5

0

100

200

300

400

500

600

700

1,000 t



TABLE OLIVE IMPORTS

WORLD TREND 1990/91 – 2011/12

1990/91 1991/92 1992/93 1993/94 1994/95 1995/96 1996/97 1997/98 1998/9 1999/0 2000/1 2001/2 2002/3 2003/4 2004/5 2005/6 2006/7 2007/8 2008/9 2009/102010/11(prov.) 2011/12(est.)

EU/27 41,5 41 32 34,5 59 50 57 47 51,5 54 56,5 58 73 70,5 79 83,5 104,5 115 96,5 101 94,9 97,5

USA+CANADA 80 89 88 84,5 85,5 86 94 106 113,5 111,5 131,5 135 138,5 141 148 145 174 166 152 212,5 161,5 193

BRAZIL 40,5 28 37,5 33,5 46,5 45,8 47 48,5 47 50 45 50 46 51 56 55 60,5 74 69 79 80 85

RUSSIA 3 2 2,5 2,5 2 3 2,5 3 3,5 3,5 3,5 4 4 4,5 45 45 70 80 90 67 70 85

OTHERS 48 55 49,5 56,5 56 67 82 101 97,5 110,5 121,5 153 188 174 152 166,5 113 147,5 138,5 169 152,1 153

0

50

100

150

200

250

1,000 t

TABLE OLIVE IMPORTS



0

20

40

60

80

100

120

140

160

180

200

1990/91 1992/93 1994/ 95 1996/97 1998/9 2000/1 2002/3 2004/5 2006/7 2008/ 09 2010/11

TABLE OLIVE IMPORTS

USA

1990/91 – 2011/12

(est.)

0

5,000

10,000

15,000

20,000

25,000

Oc tob er Nov ember Dece mber Januar y Fe bruar y Mar ch Apr il May Ju ne Ju ly A ugus t Sep te mber

2009 /1 0 20 10/11

1,000 t


2009/10 and 2010/11 crop ye ars

tonnes

TABLE OLIVE IMPORTS



0

10

20

30

40

50

60

70

80

90

1990/ 91 1992/ 93 1994/ 95 1996/ 97 1998/ 9 2000/ 1 2002/ 3 2004/ 5 2006/ 7 2008/ 09 2010/ 11(pr ov . )

BRAZIL

1990/91 – 2011/12

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

October November December January Februar y March A pril May June July August S eptember

2009/ 10 2010/ 11

(est.)

1,000 t

tonnes


TABLE OLIVE IMPORTS

tonnes

TABLE OLIVE IMPORTS



0

5

10

15

20

25

30

1990/ 91 1992/ 93 199 4/ 95 1996/ 97 1998/ 9 2000/ 1 200 2/ 3 2004/ 5 2 006/ 7 2008/ 09 2010 /11

CANADA

TABLE OLIVE IMPORTS

(est.)

1990/91 – 2011/12

0

500

1000

1500

2000

2500

3000

3500

4000

Oct ober Novem ber Decem ber January F ebruary M arch A pril M ay June July A ugust Septem ber

20 09 /10 2010/11

1,000 t

tonnes


tonnes

TABLE OLIVE IMPORTS



1,000 t

0

5

10

15

20

25

1990/91 1992/ 93 1994/95 1996/ 97 1998/ 9 200 0/1 2002/3 200 4/5 2006/7 2008/09 2010/11

AUSTRALIA

TABLE OLIVE IMPORTS

(est.)

1990/91 – 2011/12

0

500

1000

1500

2000

2500

Octo ber No vembe r D ecember Janu ary F ebruary Ma rc h April M ay Jun e July Aug ust Septemb er

2009/10 2010/11


2009/10 and 2010/11 crop years

TABLE OLIVE IMPORTS



1,000 t

0

50

100

2000/1 2001/ 2 2002/3 2003/4 2004/5 2005/6 2006/7 2007/8 2008/09 2009/10 2010/11 2011/12

RUSSIA

TABLE OLIVE IMPORTS

(est.)

2000/01 – 2011/12

0

2000

4000

6000

8000

10000

12000

Octo ber Novem ber Decem ber January F ebruary March April M ay June July August September

2009/10 2010/11


2009/10 and 2010/11 crop years

tonnes

TABLE OLIVE IMPORTS



0

20

40

60

80

100

120

2000/ 1 2001/2 2002/ 3 2003/4 2004/5 2005/ 6 2006/7 2007/8 2008/ 09 2009/ 10 2010/11 2011/12( es t.)

EXTRA-EU

TABLE OLIVE IMPORTS

-1000

1000

3000

5000

7000

9000

11000

13000

15000

Oct ober No vember Decem ber January F ebruary M arch Apri l M ay June July August Sept em ber

2009/10 2010/11



0

5000

10000

15000

20000

25000

30000

35000

Oc to ber No vem ber D ec ember January February M arc h A pril M ay J une J uly A ugus t S ept ember

200 9/ 10 2 01 0/11

IMPORTS INTRA-EU




CUSTOMS IOC PROPOSAL

VIRGIN OLIVE OILS

150910 150910 EXTRA VIRGIN OLIVE OIL

150920 VIRGIN OLIVE OIL

150930 ORDINARY VIRGIN OLIVE OIL

OLIVE OILS

150990 150980 REFINED OLIVE OIL

150990 OLIVE OIL

OLIVE POMACE OILS

151000 151010 REFINED OLIVE-POMACE OIL

151020 OLIVE POMACE OIL

HARMONISED SYSTEM

OTHER VIRGIN OLIVE OILS NOT FIT FOR DIRECT CONSUMPTION (requiring refining)

150940 LAMPANTE VIRGIN OLIVE OIL



G20 Agriculture decisions:

establishment of initiatives for better production and

market information

AMIS

SYSTEM

IOC

PRIVATE

AREA

IOC

COUNTRIES

MEMBERS



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memoria COI