
The damage from the theft of olive oil reported by the Agricultural Cooperative of Olive Production in Polygyros, in Halkidiki, on the morning of Tuesday, October 3, is estimated at more than 370,000 euros.
According to the local cooperative, it is unknown how the robbers broke into the facilities – warehouses of the producers, who are in a state of despair and anger.
About 200 people are members of the Olive Farming Cooperative in Polygyros, according to the MEGA channel report.
They are suing
The members of the local cooperative proceeded with a lawsuit denouncing the incident, while late on Tuesday afternoon, people from its Board of Directors were called to testify to the Police about the incident, so that the perpetrators could be identified.
In fact, they invited police to examine the cameras in the area so that they can be identified immediately.
The Polygyro Security Department, which has taken over the case, is examining all possibilities regarding the case and the manner in which the theft took place. It has not yet been clarified how the 37 tons of oil, which the producers are complaining about, were removed.
Oil like… gold
Olive oil has become a luxury item as its price has been rising steeply in recent times. Consumers will be faced with an unprecedented reality as the price of olive oil continues to rise and the forecast is ominous. According to the first estimates, it is not excluded that it will even reach 15 euros per liter.
Already, extra virgin olive oil is sold from 7.50 euros per liter (private label) up to 13 euros per liter (brand name). Olive oil prices are soaring to new record highs as severe droughts in major producing countries limit supplies.
It is worth noting that in many areas, such as in Heraklion, the producers are considering the solution of security in the olive groves and microchips in the olives themselves.
As characteristically stated, speaking to ERT channel, the president of the Association of Olive Growers of the prefecture of Heraklion, Vangelis Protogerakis, already producers from the area of Mesara, where the olive crops are cared for and irrigated, express their concern and seek solutions for the safety of their crops, in view of of the olive fruit harvest.
Thus, among the proposals, as explained by Mr. Protogerakis, is to create groups of producers, who will contribute financially to hire security to guard the fields. Others even suggest that the producers themselves organize and carry out patrols at night in the olive groves, while there are also suggestions for placing microchips in the olive fruit, as some do with their flocks, so that, in case of theft, it is possible to be detected the course of the stolen cargo. Also, Mr. Protogerakis, in his letter to the local police HQ, will request the taking of increased measures for the safety of the olive groves that are full.


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)