Türkiye is poised to set a new record in olive and olive oil production for the 2024/2025 season. Türkiye expects to produce 475,000 tons of olive oil and 750,000 tons of table olives.
These figures suggest a significant leap, potentially positioning Türkiye as the world’s leading olive oil producer.
Türkiye now boasts over 200 million olive trees, an increase of 2 million trees from the previous year. Each tree is projected to yield an average of 20.9 kilograms of olives, resulting in a total production of 3.6 million tons. Of this harvest, 20% will be designated for table olives, while the remaining 2.85 million tons will be processed into olive oil.
Last season, Trükiye ranked second in global olive oil production. With the current projections, the country aims to claim the top spot. This substantial increase underscores Türkiye’s commitment to strengthening its presence in the international olive and olive oil market.
Managing Stock Levels and Export Policies
Due to export restrictions imposed last year, an estimated 100,000 to 150,000 tons of olive oil remain in stock. These restrictions aimed to boost domestic consumption and increase added value but led to surplus stock as global prices rose. This season, new export strategies will consider these stock levels to optimize market dynamics.
Looking Ahead
While these production estimates are promising, they are preliminary and will be reassessed in December. Industry stakeholders emphasize that meticulous efforts have been made to calculate these figures. There is optimism that Türkiye will continue to make a significant impact on the global stage, as it did two years ago.
Conclusion
Türkiye’s anticipated record production of olives and olive oil positions it as a formidable player in the global market. Producers and industry representatives hope these developments will benefit both domestic markets and export opportunities. This growth in the olive sector is expected to contribute positively to the national economy.
