Posted by: Agence Tunis Afrique Presse
Tunisia expects olive oil export revenues in 2017/2018 to exceed 2 billion dinars with a volume surpassing 200, 000 tonnes.
These forecasts are based on quantities stored in oil mills and the stocks of exporters that hover around 87.6 thousand tonnes, the Ministry of Agriculture, Water Resources and Fisheries Wednesday said in a press release.
Exports stood by late July at about 179.4 thousand tonnes, including 13.5 thousand tonnes of packaged oil worth 172.4 MTD.
Tunisia produced roughly 1.6 million tonnes of olives that yielded 325,000 tonnes of oil against 500,000 tonnes of olives in 2016/2017, that is 100,000 tonnes of oil.
The harvest season started in the second half of November 2017 and run till April 2018.
Oil extraction rate ranged from 15% to 28% according to regions. Some 135,000 agricultural workers were hired for the harvest across the country over a harvest period of 80 to 120 days.
Tunisia ‘s yield is estimated at 840,000 tonnes of organic olives and 170,000 tonnes of organic oil. Over 380,000 tonnes worth about 425 MTD were exported.
New olive-tree plantings in 2017/2018 stretched over 16, 700 hectares, including 7,200 ha as part of a programme geared towards northern governorates.