THE 17 companies comprising Majorca's quality olive oil trademark association reported an 8.7 percent downturn in sales for last year, their President, Josep Oliver said yesterday.
Oliver said that the 90'899 litres the association had managed to sell in 2009 were not satisfactory but he pointed out that the year had been a difficult one for many businesses.
He explained that last year had got off to a particularly bad start with sales of olive oil plummeting by almost 50 percent in the first quarter. Fortunately, the rest of the year had gone some way to make up for the losses but the success of 2008 could not be reached.
Oliver attributed the decline in sales to the recession, pointing out that according to the regional ministry for Agriculture and the National Institute for Statistics, 27 percent less olive oil was used by the restaurant industry last year and 9.5 percent less was sold to the hostelry sector catering for tourism.
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