The olive oil Agricultural Cooperative of Agioi Apostoloi in Laconia, in the Peloponnese, sold the first batch of Greek olive oil for the 2024-2025 season, at the price of 10.20 euros per kilo.
This year’s first auction for the sale of early-harvest olive oil for the new season stared at a base price of 9 euros per kilo and ended at 10.20 euros per kilo. Five Greek and Italian processing and trading companies participated, with an Italian processing company being the highest bidder and purchasing a total of 51 tons.
Despite the first sale of the year usually being indicative of the unfolding of the new olive oil season, it is uncertain how Greek olive oil will fare this year, with the situation becoming clearer when other olive-producing regions enter the harvest and production stage.
As noted, the price that the first batch was sold for, reflects the exceptional quality of this year’s olive oil from this specific area. The high quality is because there were no infestations from the olive fly, and thus the quality of both the fruit and the olive oil is outstanding. The yields are also excellent, with 18-19 kilos of olive oil produced from every 100 kilos of fruit.
During the 2024-2025 olive oil season, production in the region, as in most olive-producing areas of Greece, is expected to be at normal levels.
Signs of recovery are also seen in global olive oil production, which is expected to return to 3-3.2 million tons. Similarly, Greece’s production is estimated to reach 250,000 tons, up from 150,000 tons last year.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
BoG Gov. Stournaras on Challenges of Greek Economy
Yannis Stournaras addressed the “Risk Management & Compliance Conference" as a keynote speaker on Monday
IPTO CEO Article: ‘Greece an Energy Powerhouse and Infrastructure Hub’
"The rich potential in renewable energy sources (RES) and Greece's geographic location constitute two key pillars upon which our country has the opportunity to build a robust and outward-looking strategy"
Greek Government Submits 2025 Budget Draft Monday amid ΜΕ Crisis
The economy is expected to close this year with growth at around 2.2%, while for 2025, the target is slightly higher at 2.3% as outline in the medium-term fiscal plan.
4.4R Quakes in Thiva, on Crete Monday Morning
The tremor from the quake in Thiva was also felt in the greater Athens area.
PASOK Sets the Stage for a Comeback; Over 300K Members Vote in Round 1 of Leadership Elections
Recent polls firmly place Greece’s Social Democratic party in main opposition second place
Greek Draft Budget Tabled on Oct. 7, Amid Concerns Over Mid. East War
A major issue of concern is how the Israel-Iran conflict will play out with pundits projecting a surge in oil prices
Migration: New approach on returns to be called for by the “27” at the Summit
According to Eurostat data, in the second quarter of 2024, 96 115 third-country nationals were ordered to leave an EU country and 25 285 people returned to third countries after being ordered to do so.
PM Mitsotakis Hosts US Senators for Work Breakfast in Crete
The Greek PM was accompanied by Defense Minister, Nikos Dendias, while the US Ambassador to Athens, George Tsunis was also present
Renowned Greek Composer Mimis Plessas Dies at 99
Greek Prime Minister Kyriakos Mitsotakis bid farewell to the composer in his own post on X, writing, "A leading composer, remarkable scientist, and kind soul has left us.
Olive Oil Prices Set to Fall as 2024 Supply Improves
“According to estimates, this year’s olive production will reach between 220,000 and 230,000 tons,” George Oikonomou, SEVITEL General Manager told AMNA
![Δημόσιο Χρέος: Η πρόωρη αποπληρωμή δανείων και το σχέδιο «εξόδων» στις αγορές το 2025 [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/10/xreos-600x361.jpg)
