New crop season will begin March/April timeframe with fresh fruit being priority, then processing for juice, oils, etc will commence around May 2020.
Last year, total fruit volume collected was 1.3 million tons which was a record 2019 crop for Argentina.
This year, crop is expected to be average with estimates at 1.0 million tons of fruit.
The major growing region has experienced poor weather. Prices have firmed and are expected to remain so for the foreseeable future.
Spain, Brazil, California, and Southern Italy have all been experiencing bad weather, leading to reports of large reductions in crop sizes. Argentina, the largest producer, reported a crop 10-15% larger than last year’s, slightly offsetting the losses elsewhere.