Displaying items by tag: olive oil

Olive oil will remain expensive, at least for the next six months. And this is the optimistic prediction. Whether the "rally" will continue will become clear in the first months of 2024, when the new harvest olive oil enters the market, even if, according to all indications, production will be reduced, or next spring, when there will be the first indications of the production of the new growing season, especially in Spain.

The damage from the theft of olive oil reported by the Agricultural Cooperative of Olive Production in Polygyros, in Halkidiki, on the morning of Tuesday, October 3, is estimated at more than 370,000 euros.

Olive oil stocks are almost depleted in Europe, which is bracing for new shortages due to extreme weather events that have adversely affected harvests for the second consecutive year.