Turkey: Yield of olives increased, price of oil dropped to 160 TL

In the Mut district of Mersin, where 20 percent of Turkey's olive and olive oil production is met, a 200 thousand tons of olive and 13 thousand tons of olive oil harvest is expected from 15 million trees on an area of 300 thousand decares due to the productive season. With the increase in yield, the price of olive oil, which varied between 200 and 250 TL last year, has decreased to 160 TL this year. In the Mut district, after table apricots, one of the important export products, high-quality olive oil, has decreased purchasing prices due to the high yield this year. Despite the increasing yield, the decrease in purchasing prices experienced in Mut olives and olive oil, which are zero acid and high quality, was not welcomed positively by producers, but provided an advantage for consumers. The price of olive oil, which was sold for 200-250 TL last year, has decreased to 160 TL. Mut Chamber of Agriculture President Muharrem Yılmaz, who mentioned that olive and olive oil prices have ...