Olive oil prices in the world’s largest producer, Spain, have fallen to half their record levels, with representatives of the Spanish market estimating that “one of the most difficult times in the history of the sector seems to be coming to an end”. A prolonged period of extreme weather and drought in southern Europe has … Read more
A new threat is facing small olive growers, in the cradle of world olive oil production, in southern Spain. As climate change makes drought increasingly likely across southern Europe, thousands of small farmers in Andalusia have come up against a new and fast-growing “enemy”, none other than competing big farmers. The aim of the “big” … Read more
Inflation reached 2.9% in September from 3% in August, according to ELSTAT. Shortly before the TIF until today, the government has indulged in the construction of a narrative, in which it is stated that prices in Greece are “falling” and inflation is being tamed. Both the Prime Minister Kyriakos Mitsotakis and the co-competent ministers Takis … Read more
The supply of olive oil from the supermarket shelves will cost the consumer less this year, since according to the first indications, this year’s production is expected to be better than that of 2023. “According to estimates, this year’s olive production will reach between 220-230 thousand tons,” SEVITEL General Manager George Oikonomou told the Athenian-Macedonian … Read more
At 10.20 euros per kilo, the first batch of olive oil, for the 2024-25 season, finally “sold out”. At this price, the Agricultural Olive Cooperative of Agioi Apostolos Lakonia sold, which traditionally enters the harvest first at the end of September but also first in the sales arena. Laconia Cooperative In particular, last Saturday October … Read more
Inflation in August “ran” by 3% and olive oil was more expensive by 49.1%. The big question is where the prices of the “green gold” are expected to fluctuate in the winter with the first estimates showing a de-escalation. Reduced stocks at the end of the marketing season (2023/24) are expected to be marginally sufficient … Read more
With olive oil remaining in the category of luxury food, as its price is still much higher even compared to last year when it had already jumped (+49.1% in August based on ELSTAT) and while the consumption especially of the standard has decreased dramatically (estimated at -40%), businesses around “green gold” are booming. Well-known businessmen, … Read more
The olive producers are trying to recover after last year’s hopeless year. The price of olive oil, which increased by 56% this year, seems to be slowly decelerating, at least wholesale. After the disastrous previous year that sent its prices soaring, consumers are waiting to see the results of the new production. The first signs … Read more
MadridSunflower oil has dethroned olive oil as king of cooking in Spain, the world’s largest producer of olive oil, at a time when rising prices are forcing consumers to switch to cheaper options. Spaniards bought 107 million litres of all types of olive oil in the first half of 2024, compared with 179 million litres … Read more
The deals Greek companies move at the pace of deals, taking advantage of the opportunities that open up either inside or outside the borders. And of course there are the business deals that close, the ones that fall apart at the last minute… and others that are fanciful… — PPC The mega deal of the … Read more