The European Union is the leading producer, consumer and exporter of olive oil. Since 2013, on average the EU produced 68.4%, consumed 54.2% and exported 66.9% of the world’s olive oil.
The EU is a member of the international olive council, which was set up in 1959 to administer the succession of international commodity agreements concluded over the past 50 years to defend and promote olive growing, olive oil and table olives. The international olive council members account for almost 98% of the world production of olive oil. Nearly all the Mediterranean countries and, in addition, Argentina, Uruguay, Iran and Jordan participate in the agreement.
EU Marketing standards
The European Commission monitors constantly the olive oil market, production, prices, trade.