Turkey: Olive oil got the price it deserved

Tariş Olive and Olive Oil Association announced the purchase price of 0.3 grams of edible olive oil for the 2023-2024 season as 295 lira per kilogram. The price of olive oil, which has reached the highest purchase price to date, is expected to increase further in the coming days. Mehmet Kendirlioğlu, President of Efeler Chamber of Agriculture in Aydın, one of the important agricultural centers of the Aegean Region, evaluated the recent increase in olive oil prices. “SUPPLY-DEMAND BALANCE HAS BEEN DISTURBED” Noting that olive oil has become very valuable recently, President Kendirlioğlu said, “The yield is very low in Spain and Italy, the countries that have a say in olive oil in the world, due to extreme drought. Almost non-existent. These two countries could not provide sufficient goods because they controlled the olive and olive oil market. In this sense, the supply-demand balance has been disrupted. They turned to countries such as Türkiye and Morocco. The demand for olive oil ...