Portuguese olive oil production is expected to reach a record high of 150,000 tons in 2021

Putao teeth "Express" reported September 24, the South of Portugal olive cultivation and press associations Olivum said the benefit to rain appropriate, less pests, olive blossom as scheduled and other favorable conditions, in 2021, the Portuguese olive oil production will reach 150,000 tons , A record high
.
Although Portugal is currently the 8th largest olive oil producer in the world, the quality of Portuguese olive oil ranks first in the world.
Virgin and extra virgin olive oil accounts for 95% of the total output of Portuguese olive oil.
Italy ranks third with only 70%
.
Portugal has achieved self-sufficiency in olive oil since 2014, and its exports have increased year after year
.
In 2017, the export value was 500 million euros and in 2020 600 million euros.
It is expected that there will be new breakthroughs this year
.
The Portuguese olive oil industry is dominated by local companies.
In recent years, foreign direct investment from Spain, Britain, Chile, Saudi Arabia, Switzerland and Denmark has gradually increased
.
Olivum is the largest olive oil association in Portugal.
It has 100 member companies, more than 300 plantations, 42,000 hectares of olive plantations, and 14 press mills
.