Olive oil prices are expected to fall this year after a steep rise last year, offering some relief to consumers. However, a severe drought across key olive-producing regions is impacting yields and contributing to market volatility. Olive producer Myron Chiletzakis discusses the current situation, highlighting the influence of international markets and the challenges faced by Greek producers. While bulk prices have decreased, supermarket prices for bottled olive oil remain stable as the new harvest is yet to arrive.
Tag: Harvest
Olive oil prices are expected to halve from record highs, bringing relief to families struggling with rising food costs. A significantly improved harvest promises to ease the pressure after years of drought and extreme weather drove prices to unprecedented levels.
Estimates about olive oil production in Greece are optimistic this year, although safer conclusions will…