Ministry approves export subsidies to cut olive oil surplus

The comments were made during a meeting with the mill owners syndicate and the Jordan Olive Production Export Association, where Hunifat discussed a number of key challenges in the olive sector, accor
(Photo: Jordan News)
AMMAN — Minister of Agriculture Khalid Al-Hunifat on Tuesday said the government has approved JD1 million from the Agriculture Risk Fund to subsidize the export of last year’s olive oil surplus.اضافة اعلان

The subsidies will only apply to quantities not exceeding 1,000 tonnes, according to the Jordan News Agency, Petra.

The decision was issued to address the surplus problem, which was due to unorganized imports, according to a statement by the ministry.

For his part, president of the Jordanian Olive Products Exporters Association (JOPEA), Fayyad Al-Zyoud, said that the olive oil surplus from the last season stood at 2,500 and 3,000 tonnes, which can fill some 220 oil tins, adding that the government’s support will help export those quantities to the markets.

Zyoud pointed out that Jordanian olive oil has received around 50 international rewards, estimating Jordan’s upcoming productions rate of olives to reach to 170,000 tonnes. 

Around 15 million olive trees of different kinds exist in Jordan, according to Zyoud.

Read more National news