Cobram Estate (ASX:CBO) tops US olive oil production with record harvest

Cobram Estate Olives concluded its 2023 Californian harvest, producing 3.2 million litres of olive oil—an 89% increase from 2022 and 48% higher than 2021.

The growth is attributed to expanded supply contracts and maturing groves, positioning the company as the leading olive oil producer in the USA.

Only 14% of Cobram Estate Olives' USA groves are mature, indicating significant growth potential.

In Australia, flowering for the 2024 crop began on schedule, with initial estimates aligning with expectations, although it's a lower-yielding year.