Morocco’s Olive Oil Sector is Promising

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The industry of Moroccan Olive is showing a positive growth and now undergoes a major Morocco’s Olive Oil Sector is Promisingexpansion whereas olive trees increased from 763,000 ha in the 2007-2008 crop season in 2012-2013 to 933,475 ha.
This development reflected and supports the execution of the Green Morocco Plan with its goal to reach 1.2 million hectares of planted area by 2020.
Morocco’s olive oil sector has seen a sharp increase from 765,377 tons in 2007 to 1.3 million tons in the 2012-2013 seasons, with a peak of 1.5 million tons in 2010.
Together with its production growth, the price of olive oil has increased significantly in recent years whereas the price of a liter bulk is 40 dirhams on average and reached 50 dirhams in some areas, against only 25 to 30 dirhams there two years. At present, Morocco displays the highest in international prices.
All these figures show that the sector thrives and grows relatively quickly given its dual economic and social vocation. Indeed, the olive oil sector contributes up to 5% of agricultural GDP and 15% to food exports. In addition, the national tree area is largely composed of olive cultivation erecting it as the main fruit crop of the country.
It has been noted that the globalization of the olive oil has led to a new market configuration that will determine the structure of the market in the next 10 years.
Another recent market analysis of olive oil shows that competition with vegetable oils and will take new forms. Indeed, the price of olive oil is very sensitive to the parameters of the supply (production and stocks).
Moroccan olive oil is likely to earn ranks globally provided, however, fall within the guidelines of the ambitious Green Morocco Plan.