OLIVE OIL FROM SPAIN

24 October 2012

EXTRA VIRGIN

Excellent organoleptic properties*Acidity < 0,8º

VIRGIN

Good organoleptic properties*Acidity < 2º

LAMPANTE VIRGIN

*Acidity > 2º

MILLS

EXTRACTION

CRUDE POMACE OIL

REFINING PROCESS

REFINED OLIVE OIL

REFINED OLIVE POMACE OIL

Adding Virgin Olive Oils

OLIVE TREE

OLIVES

VIRGIN OLIVE OILS POMACE

EXTRA VIRGINOlive Oil

(< 0,8º)

VIRGINOlive Oil

(< 2º)

OLIVE OIL

(< 1º)

OLIVE POMACE OIL

(< 1º)

OLIVE OIL GRADES

PRODUCTION

Source: International Olive Council

OLIVE OIL: WORLD PRODUCTION Campaign 20011-12

Total : 3.063.500 Tm

52,2%

13%9,7%

4,8% 4,7% 4,5% 3,1% 2,2% 5,8%

0200.000400.000600.000800.000

1.000.0001.200.0001.400.0001.600.0001.800.000

Source: International Olive Council

WORLD PRODUCTIONTrend 2005/06 – 2011/12

(Tn)

0

200.000

400.000

600.000

800.000

1.000.000

1.200.000

1.400.000

1.600.000

1.800.000

Spain

Italy

Greece

Syria

Turkey

Tunisia

EXPORTS

SPAIN – EXPORTS TRENDSPeriod 2003 –2012

000 Tm

Source: Customs - PROMARKET

841.132

529.074

637.286

484.767514.066

635.109

660.757652.215

846.422880.000Prev.

0

100.000.000

200.000.000

300.000.000

400.000.000

500.000.000

600.000.000

700.000.000

800.000.000

900.000.000

1.000.000.000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

OLIVE OIL FROM SPAIN

Campaign Production Exports %2007/08 54,1%2008/09

1.228 66563,9%

2009/101.030 659

57,8%

AVERAGE 1.331,6 747,2 56,1%

Production and Exports (000 Tm)

Source: Agencia Aceite de Oliva

1.398 809

2010/11 8281.392 59,4%2011/12 1.610 880 55,0%

WORLD EXPORTSCampaign 2011

Source: IOC & EU statistics

Total: 1,332,500 Tn

SPAIN

55,1%

OTHERS

3%

ITALY

24,2%

GREECE

5,2%

TUNISIA

6,9%

TURKEY0,9%

PORTUGAL

4,7%

COMPARATIVE CHART FOR OLIVE OLIVE EXPORTS BETWEEN ITALY AND SPAIN. PERIOD 1999-2011.

SPAIN

ITALY

CONSUMPTION

Source: IOC

CONSUMPTION PER CAPITALiters per person

Brazil 0,0003

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