The Italians are asking for olive oil, at 10.20 euros the first barrel was sold by Agioi Apostolii

Published 2024년 10월 7일

Tridge summary

The Agricultural Cooperative of Agioi Apostolos of Laconia in Greece has sold a barrel of olive oil from the Athinoelia variety for the 2024-2025 harvest at a record price of 10.20 euros per kilo to an Italian company, while the market price in the area ranged from 7 to 8.5 euros per kilo. This is the first auction of the new olive growing season and the price reflects the market trend. The price of 10.20 euros per kilo is in line with Italian standards for high-quality olive oil, and with an expected reduction in olive oil production in Italy and high demand in the international market, the price of olive oil is expected to remain high.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On October 5, the first auction of the new olive growing season took place, with the Agricultural Cooperative of Agioi Apostolos of Laconia proceeding with the sale of a barrel of olive oil of the 2024-2025 harvest from the Athinoelia variety. Mr. Panagiotis Batsakis, president of the Agricultural Olive Cooperative of Agioi Apostolos, after a tough negotiation, managed to sell it to an Italian company at the unimaginable price of 10.20 euros/kg in today's terms. At the same time, trade in the area of Neapolis gave a price of 8.5 euros per kilo for fresh olive oil, while in Messinia the extra virgin of the Black olive variety was 7 euros per kilo. Let's remember that last year's commercial period, the first act by the Neapolis Cooperative was done, on October 16, at a price of 9.25 euros per kilo, again for a barrel. In detail, the announcement of the cooperative states: "The Agricultural Cooperative of Agioi Apostolos informs you that it proceeded to sell a barrel of extra virgin ...
Source: Agrotypos

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.