In Cyprus, they announced the preservation of the production of olive oil at the same level

The production volumes of olive oil in Cyprus remain at the same level, but its share in the world market is small and does not have a big impact on prices. Such explanations were given to a TASS correspondent by a representative of the Ministry of Energy, Trade and Industry of Cyprus. "It seems that at the moment Cyprus is not affected by the situation [in the global olive oil market]. The results of last year, according to the Ministry of Agriculture, are the same as before," he said, adding that the data on the harvest for 2023 will be summed up in September. On average in Cyprus, depending on the crop, from 7 to 12 thousand tons of olive oil are produced per year. The main part of unrefined oil of the highest quality (extra virgin) is exported - from 500 to 2 thousand tons per year. According to the interlocutor, in 2022, Cyprus exported olive oil in the amount of €1.487 million. Products are supplied mainly to European countries. Iceland has bought the most for the last two ...