(Ecofin Agency) - In Tunisia, olive oil production will reach a new record during the 2017-18 season. Indeed, the national oil office (ONH) indicated that the oilseed’s volume is expected to be 280, 000 tons during the period under review, well beyond the 5-year average of 190, 000 tons and the International Olive Oil Council's initial estimates of 220, 000 tons.
Meanwhile, shipments should pursue the momentum recorded at the beginning of this year, reaching 200,000 tons by the end of the season, next October.
For the record, at the end of March, Tunisia exported 110, 000 tons of olive oil in bulk and collected TND1.13 billion ($473 million) as revenue.
Let’s note that Tunisia which is the second country in the world in terms of area devoted to olive tree growing, after Spain, exports about 80% of its yield.