Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης
Προσθήκη του ot.gr στην
Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης
Προσθήκη του ot.gr στην GoogleThe new olive oil season is expected to bring solid production across the Mediterranean, but not a bumper crop, with supply forecast to be sufficient to meet demand and keep market prices under control.
Early estimates put Mediterranean production at between 3 million and 3.2 million tons for the upcoming season, which will begin to take shape from October and particularly November.
Manolis Giannoulis, president of Greece’s National Interprofessional Olive Oil Organization, said the projected volume should be more than enough given current consumption levels. Per-capita olive oil consumption has reached 9.7 kilograms.
While consumers could benefit from more affordable prices, producers face a much more difficult situation as their costs remain high.
Olive oil prices put pressure on producers
Producer prices are currently around €4 to €4.50 per kilogram, a level considered too low to cover the costs of cultivation.
Giannoulis said market expectations indicate that prices could start the new season at around €4 per kilogram, with the possibility of further declines.
The expected balance between supply
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