Europe to buy olive oil from Turkey

Published Aug 17, 2022

Tridge summary

Europe is experiencing extreme drought and heat, with over 12,000 lives lost and agricultural production being hit, particularly in Spain and Italy. However, Turkey, a major olive and olive oil producer, may not face the same issues due to its climate and geographical conditions. In fact, the country might see a better harvest than last year, which could make it an important source for meeting Europe's needs. Experts suggest that Turkey could benefit from the expected decrease in production in Italy and Spain by targeting markets where Europe exports olive oil, such as China and the USA. President Recep Tayyip Erdoğan has held stockists accountable for raising prices unjustly and suggested that they would be held accountable for their actions.

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

Original content

Europe has been battling extreme drought and heat for weeks. It is stated that the number of people who lost their lives on the continent since June due to high temperatures has exceeded 12 thousand. Temperatures are also deeply affecting agriculture in Europe. So much so that production in Spain, which is the world's largest olive oil importer, is expected to decline. The situation in Italy is not different from Spain. Temperatures in Turkey, which is among the world's leading olive and olive oil producers, are not at the European level. So, how is the current situation in olive production in Turkey? Is it possible for us to meet the needs of Europe? THE CRISIS THAT CHANGED THE BALANCES: NO TROUBLE IN TURKEY Making evaluations to Haber Global, National Olive and Olive Oil Council President Mustafa Tan states that the yield estimation studies prepared by the National Olive Oil Committee will result in October, but a better harvest is expected than last year. Expressing that they ...

Source: Haber7