Extra virgin olive oil: the Greek market gives the producer 5.35 euros, the Spanish 6.15

Published 2024년 12월 11일

Tridge summary

The article highlights a significant discrepancy in extra virgin olive oil producer prices across Europe, with Greece experiencing the lowest prices and Spain maintaining higher rates. Greek producers are struggling with offer rejections and lack of compensation due to drought, in contrast to Spain's strategy of reducing VAT to maintain olive oil consumption and supporting producers through higher prices. The Spanish olive market is more profitable for producers, attributed to efficient cultivation and lower costs, which is not the case for Greek producers facing challenges with low prices and drought impacts.

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

Original content

Our country has the lowest producer prices in the EU for olive oil, according to the data announced a few days ago by the Commission. The Greek market continues to offer producers for extra virgin olive oil prices in the range of 5 to 5.35 euros per kilo. He recently gave these prices in an auction held by a cooperative of Crete for the sale of 20 tons of extra virgin olive oil with an acidity of 0.4%. Of course, the Board of Directors of the cooperative did not accept these offers and the tender was unsuccessful. At the same time, the Ministry of Anti-Corruption is negative to the request of the olive producers for compensation due to the reduced production in most areas of the country, due to the prolonged drought. Meanwhile, in Spain, the Commission's data indicate that for the month of November, the average producer price for extra virgin olive oil fluctuated at 6.15 euros per kilo. The Spanish Agency for Information and Food Control (AICA) released the olive oil market data ...

Source: Agrotypos