Home / Agricultural Economy / Agribusiness / Davut Er: Table olive exports soared by 52 percent in foreign currency
Fresh olives with core in olive bowl on dark stone table and green leaves.

Davut Er: Table olive exports soared by 52 percent in foreign currency

Press release…

4-month table olive exports reach 74 million dollars…

In the first four months of the 2023/24 season, Türkiye increased its table olive exports by 21 percent from 61 million to 73.7 million dollars, while the country’s table olive exports increased by 52 percent on a foreign currency basis. The sector aims to exceed 200 million dollars in exports by the end of the 2023/24 season.

Davut Er

Türkiye, which has 500 thousand producers in 41 provinces in the Anatolian geography, is reaping the fruits of its efforts in export markets to transform its investments in the olive sector into added value in the last quarter century.

Pointing out that Türkiye was the world leader in the 2022/23 season with a table olive yield of 735 thousand tonnes, Davut Er, Head of the Aegean Olive and Olive Oil Exporters’ Association (EZZİB), said that in the 2022/23 season, table olive exports surged by 7 percent on an amount basis compared to the previous season, rising from 172 million dollars to 184 million dollars.

Davut Er gave the information about the export performance in the 4-month period of the 2023/24 season, “While we exported 35 thousand 508 tonnes of table olives between 1 October 2022 and 31 January 2023, in the same period of the 2023/24 season, table olive exports decreased by 20 percent on quantity basis to 28 thousand 323 tonnes, but our average price in table olive exports increased from 1.71 to 2.6 dollars. In foreign currency terms, our table olive exports became 52 percent more value-added. Due to the high inflationary environment in the country, our costs increased by a similar or even more. We reflected this in our export prices as much as we could. In this way, our foreign currency income in olive exports enhanced by 21 percent from 61 million to 74 million dollars.”

About İsmail Uğural

Check Also

 Food Price Monitoring & Analysis (FPMA) Tool 

Across the world and around the clock, the buying and selling of food commodities take …

Leave a Reply

Your email address will not be published. Required fields are marked *