Producers’ Olive Oil Prices Finally Ease in Greece

(Πηγή: www.tanea.gr)

holesale olive oil prices are beginning to abate in Greece over the recent period, ending an early-season surge that had scared consumers with forecasts of up to 20 euros per liter on supermarket shelves.

Olive oil is considered as a mainstay cooking oil in the east Mediterranean country of 11 million residents, which also features one of the world’s highest consumptions per capita.

However, the latest transactions have wholesalers buying the oil from producers at 7.5 to 7.8 euros per kilo.

The availability of quantities from the new 2023 harvest, in tandem with shrinking demand – due to consumers’ wariness – ended the… Πηγή

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