Prices for Greek olive oil may double in Russia

Published Nov 16, 2023

Tridge summary

Prices for Greek olive oil in Russia may double due to the low olive harvest in Greece and increases in producer prices, according to Elena Kalinina, an exporter of Greek oil to Russia. The price for olive oil in Moscow is currently lower than in Greece, but prices for new batches are higher. Kalinina believes that future prices for Greek olive oil in Russia will depend on the harvest, but she expects a significant rise in prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Russia, prices for Greek olive oil may double due to the low olive harvest in Greece and the increase in producer prices, this opinion was expressed in an interview with RIA Novosti by an exporter of Greek oil and other products to Russia, the owner of the export company Kalinina, a member of the board of directors of Greek -Russian Chamber of Commerce Elena Kalinina. In Russia, in particular in Moscow, prices for olive oil are now lower than in Greece, where in supermarkets the price remains at 13-15 euros per liter. These are previous deliveries, prices for new batches are higher, Kalinina said. “Now we have a car undergoing customs clearance in St. Petersburg; they took literally one pallet of oil and only to maintain the remainder. And the price is incredibly high, and no one will take it at the new price,” she said. On the other hand, she said, “Spanish suppliers keep prices for their oil in accordance with contracts.” “As far as I know, the state compensated for the ...
Source: Oilworld

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