US Increases Olive Oil Imports from India Amid Global Supply Shortages
Due to supply chain disruptions in traditional olive oil-producing regions like Spain and Italy, the United States has ramped up imports of olive oil and its fractions from India. Indian exporters have reported a 20% increase in shipments to the US in the last quarter.
October 15, 2023
Impact: This trend is likely to strengthen trade ties between the US and India in the agricultural sector, potentially leading to long-term contracts and increased export revenue for Indian producers.
India-US Trade Talks Highlight Olive Oil as Key Export Commodity
During recent bilateral trade discussions, olive oil emerged as a significant export item from India to the US. Both nations are exploring ways to reduce trade barriers and improve market access for Indian olive oil products.
September 5, 2023
Impact: Easing of trade restrictions could boost Indian olive oil exports to the US, providing a competitive edge over other suppliers and fostering economic collaboration.
Indian Olive Oil Gains Popularity in US Markets
Indian olive oil, particularly extra virgin varieties, is gaining traction in the US due to its competitive pricing and quality. US retailers have noted a growing consumer interest in Indian brands over the past year.
August 20, 2023
Impact: Rising demand may lead to increased export volumes from India to the US, encouraging Indian farmers and producers to scale up production and invest in quality certifications.
