Spanish food groups Sos Cuetara expects its olive oil unit to deliver a 9% sales jump to €500m this year (US$664.8m). The forecast does not include a €200m turnover estimate for recently-acquired Italian rival Minerva.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company also said it launched a limited version of its Carbonell olive oil brand, which it sells in international markets.
Meanwhile, Spanish olive oil production will fall 30% to 980,000 tonnes this year amid lower international demand and rising output in Italy and Greece. Domestic consumption will remain unchanged at 620,000 tonnes.
