Olive oil producers set $3.8 billion export goal for 2023
Turkish olive oil producers set an ambitious goal for increasing exports, announcing at a weekend meeting of the Turkish Exporter's Union (TİM) that they would sell $3.8 billion worth of olive oil abroad in 2023.

The 2023 benchmark -- which coincides with the country's 100th anniversary -- would be a major increase over current olive oil exports, which have so far amounted to $155 million in the first 10 months of 2012.

Underlying those ambitions are what TİM head Mehmet Büyükekşi said is a major increase in acreage devoted to olive production, stating over the weekend that a major push by farmers and the Ministry of Food, Agriculture and Animal Husbandry has nearly doubled the number of farmable olive trees over the past year.

"The sector's 2023 target is $3.8 billion, which we believe is a number we can meet," Büyükekşi said. Exports will need to grow at a much faster pace than they did this year, however, with Büyükekşi conceding that olive oil exports saw a modest uptick of just 5 percent in the first 10 months of this year compared to the same period of last year.

Exporters are expecting major growth in global markets, the TİM head said, as countries such as Japan, South Korea and China gain appetites for the oil. (Cihan/Todays Zaman) CİHAN
Last Modified: 2012-11-25 18:00:01
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