Consumers paying premium prices for extra virgin olive oil, counting on its nutritional value and health benefits, are facing an influx of adulterated and irregular cooking oils in the market. Olive oil adulteration usually involves mixing with lower-grade seed oils and natural colorants to alter its appearance.
According to inspections conducted by the Hellenic Food Authority (EFET), irregularities and adulterations in standardized olive oils have surged, reaching nearly 15% of the total samples examined by 2022, as per market reports since 2019.
EFET, in compliance with regulations, inspects one sample per 1,000 tons, with the majority of inspections targeting standardized olive oils.
In 2022, a 41% smaller number of samples were examined due to reduced production compared to 2021 when 327 samples were examined, of which 9.4% were non-compliant.
EFET’s General Director, Panagiotis Vasilopoulos, highlights that in most non-compliant olive oil samples, the organoleptic characteristics (taste, aroma, color, etc.) didn’t align with the quality category stated on the label.
Recent laboratory tests by EFET revealed approximately 10% of the samples to be irregular. These samples either contained adulterations or were of lower quality than declared.
For this year, EFET plans 350 sampling sessions: 258 for exceptional virgin, 52 for virgin, 20 for blended olive oil, 10 for seed oil, and 10 bulk samples, with results expected in January 2024.
In 2022, branded standardized olive oil sales reached €100 million, yet in the current 9-month period, sales values dropped by 3.4%, with a 26.5% decrease in liters sold, due to considerable price increases on shelves.
Prices for virgin olive oil reached up to €16.58 per liter (data as of 8/12/2023), while exceptional virgin oils, according to major chain stores, touched €18.1 per liter. Given this year’s projected production of not more than 120-130 thousand tons, prices are expected to keep rising.
The rise in irregularities and adulteration threatens the integrity of the olive oil market, impacting consumer trust and the efforts of genuine producers committed to quality.
Source: tovima.com
Latest News
RES: Large Companies Buying PPAs in Greece
Power Purchase Agreements (PPAs) are long-term contracts between renewable energy producers and large corporations seeking to secure electricity at stable prices in a sustainable manner.
School Closures, Ships Docked Amid Bad Weather in Greece
Severe weather in Greece causes school closures and sailing bans. Strong winds, snowfall, and icy conditions disrupt daily life and travel on Tuesday.
Greece to Proceed with Issuance of 10-Year Bond
Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.
Labor Shortage in Greece: Vacant Job Positions Costing the Economy Millions
Data show that specific sectors are facing particular challenges in filling job positions, with the primary sector struggling to find working hands.
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.