Olive oil prices are expected to rise.
Experts believe that steadily rising global consumption of olive oil paired with a decrease in production in main countries-producers of olive oil (Spain, Tunisia and Turkey) will cause prices to rise.
It is estimated that global olive oil production will reach 3.03 million tons in the 2020/21 crop year, marking a third consecutive year of decline. Along with declining production, it is predicted that global olive oil consumption will continue to grow between two and four percent.
Among the countries expected to take the biggest hits are Turkey and Tunisia, both og which are coming off near-record harvests and combine for more that one-quarter of global olive oil exports.
The olive oil harvest in Spain was initially expected to be larger, but poor weather months have dried up these prospects: very dry autumn and winter, spring rains and heat waver at the beginning of the summer have caused poorer results of production in 2020 than targeted initially.
Additionally, the combination of falling olive oil stocks and steadily rising consumption will put a dent in the global glut of olive oil and as a result cause prices to rise.
We are happy to announce a NEW partnership with RODOLFI MANSUETO – one of the world’s leading processors of tomatoes.
100% Family owned, Rodolfi Mansueto is passioned for producing best quality tomato based sauces, tomato paste, chopped & crushed tomatoes, pesto, dried vegetables, tomato powder for consumers all over the world. Based in the heart of Food Valey in Parma, Rodolfi has three processing plants (Ozzano, Fontanini, Castelguelfo) with the production of more than 250 000 tons of fresh tomatoes per year. Being in the market for over 120 years, the Company is well known for what they do!
Natural ingredients, local processing, sustainable production and years of experience in the industry make Roodolfi Mansueto products popular and succesfull with the presence in over 70 countries.
Rodolfi Mansueto is proud to process only 100% Italian tomatoes and to have a very short supply of chain: harvested tomatoes arrive at the production plant within 24 hours. 80% of tomatoes processed are harvested less than 60 km from the processing plants.
The Company consists of Four Brands with a product range to cover all market channels: Retail, Food Service, Industrial (Private label is also available)
PRODUCT RANGE: Rodolfi Retail Brand
– Tomato sauces
– Tomato paste
– Chopped and crushed tomatoes
– Semi-dried tomatoes
– Green and red pesto
Products are available in a can, jar and tube.
Certificates obtained show the respect of strick control processed at Rodolfi Mansueto in each part of the production system.
– IFS “Higher Level”
– ISO 14001
– ISO 22005