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Olive oil: Export revenues are expected to be approximately 4.6 billion dinars by the end of July 2024.
Tunisia has realized revenues of around 4.6 billion dinars from olive oil exports by the end of July 2024, when the volume of packages of the product exported to international markets has increased by around 35 percent.
These new figures were published by the National Oil Office (ONH) as part of a document tracking the evolution of olive oil exports for the 2023-2024 season, which begins in early November, and estimate production at nearly one million tons of olives, equivalent to about 210,000 tons of oil.
ONH confirmed that Tunisia exported about 173,900 tons of olive oil, including 22,300 tons of packaged olive oil, at an average price of 26,500 dinars per metric ton, which helped generate about 645 million dinars, noting that the price was about 28.9 dinars per metric ton.
In the 2022-2023 season, Tunisia exported about 164,200 tons of olive oil worth 2.7 billion dinars, of which 16,500 tons were packaged olive oil, providing about 344 million dinars.
Data related to the olive oil season indicates that olive oil export revenues are up nearly 70 percent compared to the same period last year.
As of June 2024, Tunisia’s food trade balance had a surplus of nearly 1.8 billion dinars, thanks to the increase in the basket of products, especially the development of olive oil exports, which increased by 87.8%.
Tunisia has about 1,750 oil mills, 15 refineries, 14 olive pomace oil extraction plants and 35 processing and packaging plants, with olive oil production of about 194,000 tons, and Tunisians consume about 20% of the olive oil production.
AB
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