Tag: market

extra virgin olive oil

Olive Oil Prices Expected to Fall After Last Year's Surge, But Drought Impacts Yields

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.