Olive oil: The week started with a fall in Greece, a flood of Tunisian oil in Italy

Published 2025년 1월 27일

Tridge summary

Olive oil prices in Greece are deteriorating due to a lack of interest from traders to purchase at higher prices and increasing stockpiles at olive mills. Last week, a tender for 30 tons of extra virgin olive oil was unsuccessful in Crete, and a recent sale in Laconia resulted in a price of 5.25 euros per kilo, despite the market offering up to 5.30 euros per kilo. The low prices of Tunisian olive oil in the Italian market, due to large imports and unfair competition, are also impacting producer prices in Italy and are a concern for Italian organizations. Greek producers are making efforts not to sell at low prices, and the Ministry of Agriculture and Rural Development is called upon to address the issue of imports from Tunisia or other third countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Every week, producers in Greece see olive oil prices getting worse. However, there is an explanation for this phenomenon, and AgroTypos will tell you about it below. In our country, trade does not seem to be interested in purchasing at higher prices, and as time goes by, the warehouses at the olive mills are stocking up more and more quantities of olive oil. In Crete, last week, a cooperative held an auction for a quantity of 30 tons of extra virgin olive oil, harvest 2024-2025 and acidity 0.21, with a bid of 5.465 euros per kilo. The members of the cooperative did not agree to sell and the tender was declared infertile. In Laconia, in mid-January, we had an agreement after an auction by the Agricultural Cooperative of Olive Producers of Paleopanagia for the sale of a barrel of extra virgin olive oil, 0.2 acidity, at a price of 5.61 euros per kilo. Last week, the Agricultural Cooperative of Finikio (A.E.S. Finikio) proceeded with a sale of 40 tons of extra virgin olive oil ...

Source: Agrotypos