Uncertainty. That’s the word that always comes up when discussing these days the next harvest oil in Cordoba. Low rainfall in recent months and the heat wave in full bloom and summer have left the olive grove rainfed large water needs, so the forecast of olive oil in the campaign officially began on 1 October will be marked by rain that may fall during the month of October or absent. The production sector is very cautious when it comes to advancing a crop forecast, but the figure that usually bring the most in Córdoba would stand at 230,000 tonnes, which would be 40% higher than the reduced production of the campaign 2014/2015, which stood at only 163,386 tons. The higher figure is provided by the president of Agrifood Cooperatives in Cordoba, Rafael Sanchez de Puerta, who can be expected to approach 250,000 tonnes, even in the worst circumstances would leave 230,000 tonnes. “It is very difficult to estimate because it depends on whether or not rain in the next few weeks, but also by the complexity of what they can bring new plantations,” says Sanchez de Puerta.
Both the president of Asaja Córdoba, Ignacio Fernandez de Mesa, as the provincial secretary of UPA, Miguel Cobos, giving a figure of 230,000 tons as the most valid, but also warning of the uncertainty on the weather. For its part, the Ministry of Agriculture does not want to move any estimate still waiting to present the capacity in the second half of October. “It is accusing the lack of water, the intense heat of July and the dry spring. We depend on rainfall the coming weeks, which are key,” says Delegate of Agriculture, Francisco Zurera.’
LACK OF STOCK The other major factor that defines the new season olive oil are reduced or no stocks with which you get to October, when there is still a month and a half to begin to generalize the olive harvest. The latest available data corresponding to August 31, show that the mills of the province had only 21,298 tons in stocks, while in Jaen had 33,911 tons and throughout Spain, 97,777. “We had not known such low stocks, so with the increase of the harvest and these null availabilities we should be on a situation very similar to last season, which began in Spain, with stocks of 323,978 tons in the mills, “explains Sanchez de Puerta. This fact will mark the price for this new campaign, along with the lower production expected in Tunisia, where he was used in the past year to alleviate the limited availability in Spain. Best estimates are in Italy, Portugal and Greece. “Prices will remain at the current level, but remain high,” says the president of cooperatives in Cordoba.
Córdoba comes to close a campaign in which the highest price of the time series to arrive in the second week of August to 4.23 euros extra virgin, while also scored maximum virgin and lampante were reached. During this week, the price of extra virgin stood at Cordoba at 3.75 euros per kilo, while the virgin was 3.40 and the basic two degrees lampante remained in 3.12. However, these values are higher than those recorded at the beginning of the campaign in the last decade. At present, operations are becoming minimal.
Information obtained from the website of Diario Córdoba.