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
Excessive olive oil costs have caught the eye of customers throughout Europe, pushing up inflation, making headlines and altering the consuming habits of southern Europe. In line with the newest knowledge from the European Fee, the typical retail costs of olive oil within the 27 member states of the European Union had been 45% in … Read more
Over the previous three months, inflationary pressures have proven indicators of abating. Each in Europe and in Greece, in keeping with the information of Eurostat and ELSTAT, the rise in costs is declining, restricted to the zone of two.5% and a couple of.4% respectively. As well as (and for causes of seasonality) we now have … Read more
Madrid. The Spanish authorities plans to scale back the value-added tax (VAT) fee on olive oil to zero beginning in July, after wholesale costs greater than tripled as a consequence of a extreme drought within the southern area of Andalusia. reported the Ministry of Finance. Olive oil costs soared to report ranges final 12 months … Read more