Rob McGavin, co-founder of Cobram Estate, says Australia's 2013 harvest olive oils will be the best in a decade.
McGavin has also predicted that overall Victorian olive oil production will increase by over 160 percent from last year's harvest.
"Based on the results we have seen so far, from both taste panels and international competitions, the quality of Australia’s 2013 harvest olive oils is the best in a decade," he said.
"That this has happened at the same time as we achieve a bumper crop is a bonus for Australian consumers."
The floods and unseasonal rainfalls of 2011 resulted in just under 5.5 million litres of olive oil being produced across Victoria in the 2012 season.
This is predicted to increase to over 14 million litres in 2013, according to preliminary estimates.
Across Australia, the crop looks to be up over 80 percent from 2012 with about 18 to 20 million litres being produced this year compared with 10.5 million litres last year.
"It’s been a challenging few years for the Victorian olive industry. Two years ago we were out in row boats between the trees, but this year we have enjoyed perfect sunny days and cool nights during the season – amazing growing conditions for our olives resulting in outstanding quality olive oils," McGavin said.