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Olives Play a Critical Role in the Economies of Different Countries by Mike McNesby

Olive oil and olive consumption has increased dramatically over the past decade as more countries continue to realize the health benefits of olives, as well as an increase in production where these trees are grown. Spain is one of the largest producers of olive oil in the world, and production for the past five years has increased quite a bit since there has been greater demand for output across the globe. India is a nation that has recently realized the great health benefits of olives and olive oil; Spain is their main importer of olive oil, and they receive around seventy thousand five hundred tons of this product per year. India has developed more purchasing power in recent years; this combination of health knowledge has greatly increased the production for Spain's olive industry.

At the same time, this has led Spain to overproduce their products, which has led to a drop in prices; at the current costs, olive oil produced in Spain costs less to buy than to manufacture. Their industry is losing money, and they are considering private bulk storage to negate the effects of overproduction of olives. Olive recipes are becoming more and more popular in countries that historically have never consumed these products. The greater demands are great news for olive producers, but like Spain, they must be careful of overproduction. Pakistan is another country that has more recently gotten into the production of olive oil and olive products; some areas of their country have been discovered to provide extremely fertile ground for the production of management of olive tree farms. These developments are expected to bring a large source of income to the country; olives continue to play a large role in the different economies of the world and continue to be one of the most valuable food products available.

About the Author

Olives have been around for thousands of years, and continue to be one of the most popular food products around the world.

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