Bellucci Premium Tuscan Olive Oil Comments on Argentinean Olive Oil Industry's Comeback in 2013

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After reports that 2013 is expected to be a year of recovery for the olive oil sector in Argentina, Bellucci Premium responds.

On February 13, Bellucci Premium Tuscan Olive Oil responds to the hoped-for recovery of the olive oil industry in Argentina.

An article in The Olive Oil Times reports that 2013 will see an increase in the country's olive oil production. According to the article, the Argentinean olive oil industry has witnessed a decline over recent years, culminating in the 2011-2012 season, which saw a dismal performance in olive production for the country – mostly due to environmental factors. “Last year adverse weather was blamed for a drop in production of between 12 and 15 percent compared to historical averages,” the article stated.

However, the economy also contributed to the decline, with rival olive-producing nations such as Spain dominating the Brazilian market (which is usually where Argentinean olive oil exports thrive). The article states that Brazil also imposed a trade barrier with Argentina, which was a big setback for the industry. In addition, there was an estimated 25 – 30 percent increase in production costs.

“Faced with a grim economic climate for regional economies, including high production costs, exchange delays and a considerable drop in international prices, the future of many companies and jobs within the national olive production chain are in danger,” states a report by Aacrea, the Argentine Association of Regional Consortiums for Agricultural Experimentation.

But this year may be different, says the article. “With Spain’s olive oil production down [drastically], international prices are expected to recover, which is good news for Argentina’s sector.” The author reports that the San Juan Chamber of Olive Oil is expecting “[a] 60 percent increase in production and 32 percent increase in prices” compared with the previous growing season. The article added that about 36,000 tonnes of olives are expected to be produced for olive oil in Argentina, with about 24,000 tonnes of table olives also expected.

Natalie Sexenian, Marketing Manager for Bellucci Premium, responds to the expected rebound of the Argentinean olive market. “Being part of this industry, we know how tough it is to thrive, especially with so many economic and environmental obstacles to overcome,” she stated. “But I believe that a good product will overcome these barriers, because at the end of the day people appreciate quality olive oil.”

Bellucci Premium is an extra virgin olive oil company that has a facility and mills in Tuscany, Italy. Bellucci has three different products including Toscano, certified from the hills of Tuscany, 100% Italian, coming from all regions of Italy, and also Certified Organic which is a blend of olives from Italy, Spain, and Portugal.

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Scott Darrohn
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