News

The latest olive oil sales in Greece and Italian reserves

Published May 29, 2024

Tridge summary

The Molaon-Pakion Cooperative of Laconia in Greece has sold 60 tons of extra virgin olive oil to Heliotis SA for over 8 euros per kilo. The price of olive oil has consistently been above 8 euros in recent commercial transactions. The cooperative has a stock of around 500 tons of olive oil. Olive oil stocks in Italy as of April 30 totaled 223,409 tons, with 73% being extra virgin olive oil. Half of the Italian olive oil is stored in the southern regions of Italy, mainly in Puglia.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The latest sales of olive oil are constantly above 8 euros. With a price of 8.42 euros per kilo for the producer, 60 tons of extra virgin olive oil, acidity 0.26, were made available on Monday, May 27, by the Molaon-Pakion Cooperative of Laconia, to the company Heliotis SA. As representatives of the cooperative's administration told AgroTypos, in the last few days we have had continuous commercial transactions from the cooperatives in the area with prices ranging over 8 euros. There is commercial interest in good quality olive oil. The cooperative still has a stock of around 500 tons of olive oil. In terms of new production the picture in the trees is better than last year (2023) - which was a disastrous year - but it is down compared to the production of 2022, a year when we had a super production. Olive oil stocks were officially announced by ICQRF and the Italian Ministry of Agriculture. As reported by the olive oil stocks in Italy, on April 30, they amount to 223,409 tons, of ...
Source: Agrotypos
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