Russia is developing the production of its own olive oil

Published 2022년 9월 26일

Tridge summary

In 2022, the Mediterranean countries have been hit by a severe drought, leading to a significant crop failure in olive trees, with the European Commission reporting the worst drought in the past 500 years. This drought is expected to impact the global olive oil supply, potentially affecting exporting countries and leading to a decrease in supply to Russia. In response, Russia is considering reducing its import dependence by trying to grow olives in regions like Crimea and using the first cold-pressed oil for research and education. However, questions remain about the technical and cost-effectiveness of reorienting oil processing enterprises towards olive oil, especially given the existing reliance on sunflower oil in Russia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The dry spring and hot summer that overtook the Mediterranean countries (Greece, Italy, Spain, etc.) in 2022 led to the fact that many olive trees did not bear fruit, and, according to the European Commission, the current drought in Europe has become the most serious in the last 500 years. The crop failure affected the situation in the world olive oil market. It is expected that the supply of the product to different countries, including Russia, may decrease. However, in the Russian Federation they have already thought about reducing import dependence on this product: for example, in the Crimea, on the basis of the local federal university (KFU) in the village of Foros, they are actively growing olives. The first cold-pressed oil is obtained from the harvest using the university's own equipment, but it has not yet been sold. “We use it to conduct scientific research, studying the composition, the presence of biologically active substances, etc., as well as to participate in ...
Source: Oilbranch

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