Brazilian olive oil: recognized quality and expanding market reach
Brazilian olive oil producers have the opportunity to benefit from the international rise in food prices and expand their market share, particularly in Brazil, the world's second-largest importer of olive oil.Of all the olive oil consumed in the country, less than 1 percent (0.24%) is produced by its own crops. Greater participation in the domestic market could stem from the product's quality, enabling consumption growth even amidst price increases.Between 2018 and 2022, olive oil production in the state of Rio Grande do Sul alone surged from 58,000 to 448,500 liters. This state, along with other regions such as the Serra da Mantiqueira spanning the states of Minas Gerais, São Paulo, and Rio de Janeiro, are focusing on the production of extra virgin olive oil. This oil, with lower acid...