Econostrum | Economic News in the Mediterranean

Olive oil: Tunisia laughing, Morocco crying

Written by Arthur Maffren on Friday, August 28th 2020 à 18:32 | Read 201 times

MOROCCO/TUNISIA. The olive oil sector should bring back to Tunisia a part of the foreign currency which it lacks so much. The National Oil Office announces for 2020 more than 2 billion dinars of exports, that is to say 340,000 tons, essentially towards Europe (80%). A figure which is up by more than 65% compared to 2019. In 2020, olive oil sales will generate 60% to 70% of Tunisian food exports. An important bonus because in 2020 tourism will decline by at least 60%.

Conversely, the Moroccan olive growing season looks bad. The harvests should fall by half this winter to approach 150,000 tonnes. The drought largely explains this poor result.
Tunisia reinforces its olive sector. Photo MN
Tunisia reinforces its olive sector. Photo MN


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