A dismal harvest concludes in Greece

Published 2024년 2월 19일

Tridge summary

Greece's olive oil production is expected to fall significantly this year, with yields projected to be between 150,000 and 170,000 tons, the lowest in six years, due to poor weather and pest issues. This is a substantial decrease from last year's harvest of around 340,000 tons. The quality of the oil has also been impacted, with only 70% of the freshly pressed oil being classified as extra virgin. Despite the high quality, the rising price of extra virgin olive oil, reaching €10.00 per kilogram in Laconia, could make it a luxury product. The domestic market is currently stagnant, with producers holding onto their limited stocks in anticipation of further price increases.

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

Original content

Final estimates for the weather-afflicted ‘off-year’ harvest in Greece suggest the country’s olive oil yield will fall below the initially projected 200,000 tons, reaching somewhere between 150,000 and 170,000 tons of olive oil. Production data released by the European Commission also indicate a poor olive oil crop of 175,000 tons, the lowest in the last six years and a stark contrast from last year’s bumper harvest of around 340,000 tons. “This has been one of the worst harvests in the last 30 years,” said producer and miller Periklis Tsoukalas from the Ilia region in the Peloponnese. “The initial estimates of 17,000 tons of olive oil in the region should be revised downward to around 14,000 tons.” “Apart from the reduced quantity, only 70 percent of the freshly pressed olive oil classifies as extra virgin here due to problems with the olive fruit fly,” he added. “The pesticides used cannot fight the pest effectively.” Producers in other regions were distressed by the ...

Source: Olive Oil Times