Tue. Jul 16th, 2019

Asemesa warns of the loss of 23.8 million in the export of black olive to the US

Asemesa warns of the loss of 23.8 million in the export of black olive to the US


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MadridUpdated:

The Spanish Association of Exporters and Industrialists of Table Olives (Asemesa) has warned on Monday of the loss of 27 million dollars (23.8 million euros) in the export of black olive from Spain to the United States in the period between January and November of last year.

As detailed in a note, between January and November, with provisional tariffs and then final since August, Spain has passed from 27.7 million kilos to 14.9 million kilos, which means in value a loss of almost 27 million dollars, going from 62.9 to 36.1 million dollars.

Against these figures, in the same period, the rest of the countries grew by 68% in volume, going from 8.6 to 14.5 million kilos, with Morocco standing at 129% (from 2.4 to 5.4) million kilos) and Egypt 74% (from 2.7 to 4.7 million kilos).

Only between August and November - first four months of application of final tariffs-, the export of black olive from Spain to the United States has fallen by 60%, from 11.2 million kilos to 4.4 (-6.8 million kilos).

Asemesa reiterates its request to the EU and Spain to establish an aid fund to alleviate losses as a result of tariffs as the United States Government has done in similar cases.

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