OLIVE OIL

OLIVE OIL

Extra Virgin Olive Oil: The Essence of the Mediterranean Diet and Beyond

Extra virgin olive oil is the quintessential symbol of the Mediterranean diet, a staple on our tables and in our dishes. Known for its low acidity, richness in vitamins, antioxidants, and phytosterols, it boasts immense nutritional value. Beyond its culinary excellence, olive oil has remarkable applications in skincare and beauty, making it a versatile natural treasure.

Health Benefits of Olive Oil

  • Rich in Omega 3 and Omega 6: Essential fatty acids for heart and brain health.
  • Supports Weight Management: Recommended for low-calorie diets as it doesn’t promote weight gain.
  • Helps Prevent Diabetes: Reduces blood sugar levels with regular consumption.
  • Anti-Inflammatory Power: Contains compounds that reduce inflammation in the body.
  • Protects Against Osteoporosis: Limits the activity of cells that cause calcium buildup in bones.
  • Fights Alzheimer’s Disease: Associated with better cognitive health.
  • Mild Laxative Properties: Aids in digestion and promotes gut health.

In addition to its culinary uses, olive oil is a sought-after ingredient in skincare, haircare, and nail care, praised for its nourishing and restorative properties.

Global Olive Oil Market and Morocco’s Growing Role

Despite its popularity, olive oil represents only 4% of the global market for edible oils and fats. Europe dominates production, accounting for 80% of global output. The leading producers are Spain, Italy, Greece, and Portugal, while countries like Tunisia, Turkey, Syria, and Morocco play significant roles.

Morocco stands out as the world’s fourth-largest olive oil producer and a top exporter, with an annual production exceeding 140,000 tonnes and exports surpassing 45,000 tonnes. Its high-quality olive oil has garnered significant attention from key markets like the European Union and the United States. A Free Trade Agreement with the U.S. (since 2006) allows Moroccan olive oil to enter the U.S. market duty-free, further enhancing its global reach.

Key Facts About Moroccan Olive Oil

  • Price: Moroccan olive oil costs approximately €5–6 per kilogram (60 Moroccan Dirham).
  • Yields:
    • November to early December: 12–14 liters of extra virgin oil per 100 kg of olives.
    • Late December to January: 20–24 liters per 100 kg of olives.
  • Main Producing Regions: Marrakech, Fes, Meknes, and Casablanca.

In 2019, Italian imports from Morocco rose by 241%, while imports from Tunisia increased by 65.6%. Conversely, imports from Spain declined. Globally, demand for olive oil continues to grow by 3–5% annually, with the Euro-Mediterranean area contributing 98% of exports and 54% of imports.

A Glimpse Into Olive Oil’s Historical Significance

  • For the Phoenicians and Cretans: Olive oil served as a source of light in oil lamps, a revolutionary discovery of its time.
  • For the Greeks: Olive oil was highly treasured. Winners of the Olympics were honored with crowns of olive branches and awarded amphorae filled with olive oil.

This rich legacy, combined with its health benefits and culinary versatility, ensures that olive oil remains a cornerstone of Mediterranean culture and a globally celebrated product.

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