Deolo says that a large industry shift is on
On August 27, 2024, an air scene of agricultural workers with water called “Pasata” to protect them from the sun’s burning rays in Eisimir, Turkey, Eisimir, Turkey, an airline of agricultural workers with olive oil and potassium carbonate.
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The world’s largest olive oil manufacturer of Spain’s Dolio’s Chief Executive, bumper harvesting and market feelings shows that this industry is recovering Its the most moment of the so far??
Spain, especially the olive harvest, helped restore confidence in the area, and the prices of additional virgin and virgin olive oil in the supermarket declined.
Throughout the period of olive oil value chains, the result of two consecutive asons of weak products is the result.
A perfect storm The climate change-fuel Extreme weather, high interest rates and strong inflation ended in A Bright price ralli One of the liquid fat last year – one who made consumer and industry giants the same shock.
Doleo’s CEO Cristabal Valdies said that “a big shift” is on.
“What is the most challenging period in our history – due to lack of raw materials, high cost volatility and declining use – now giving way to the landscape of the more common and promising market,” Waldies told CNBC via email.
Deolio, the manufacturer of a home -based olive oil brand like Burtoli and Carbonne, said that raw material prices are expected to remain in the late 225.
“The significant reconstruction in the olive oil Harvest – especially in Spain – is already translating the situation of more stable supply and is directly affected by the original prices,” Valdies said.
He said, “Some instability can last, but we believe that the trend of generalization will continue,” he added.
‘Carefully optimistic’
Most of the world’s leading manufacturers are the supply of olive oils in the Mediterranean, including South European countries like Spain, Italy and Greece.
Spain, in particular, is a global reference to the largest ively oil manufacturers and prices in the European Union.
Ministry of Agriculture, Fisheries and Foods of Spain Said In the 2024/2025 crop year, the country produced 1.41 million metric tons of olive oil. Income, which is slightly lower than that EstimationA year ago, 855,600 metric tonnes increased by approximately 65%.
On June 21, 2024, a person in Catalonia, Barcelona, has an olive oil bottle.
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Doleo CEO said Bumper Spanish Harvest declined by 50% at the price of raw materials, stimulated the demand and allowed the company to reduce olive oil prices in the shelf.
“Our perspective is precautionary optimistic: we expect a more balanced market, where focusing on responsible price and value will be important to maintain the growth and ensure the health of the long -term range,” Valdes said.
Doleo’s chief executive officer said that the more favorable market conditions in the market allowed the company to double the investment of 10 million euros ($ 11.63 million) in advertising and promotion.
The US and the European Union, while talking to CNBC, before they agree to the rate of 15% from August 1 for most EUs for EUs, Valdes Said The company aims to increase the communication, marketing and consumer investment efforts to ensure that olive oil is the main place of everyday.
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