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Olive and Olive Oil

BARIS SAYLAK: MUGLA PROVINCE BREAKS EXPORT RECORDS IN AGRIFOOD

Press release… Organised by Aegean Exporters’ Associations (EIB) and Economy Newspaper, “Aegean Export Meetings – Muğla” event was held in the meeting hall of Provincial Directorate of Agriculture and Forestry. Provincial Director of Agriculture and Forestry Barış Saylak, who hosted the meeting that brought together the export giants of the …

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“WE INTRODUCE TURKISH OLIVE OIL TO THE WORLD MARKET”

Press release… Poyraz Olive Oil at Worldfood 2023… Poyraz Olive Oil, one of the most important olive oil brands of Türkiye, participated in the 31st Worldfood International Food Fair held at TÜYAP Istanbul and attracted great interest of the visitors. Poyraz Olive Oil, which participated in international fairs in order …

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MILAS OLIVE OIL REGISTERED!

Minister Kacır announced the good news: Milas Olive Oil is registered! Minister of Industry and Technology Mehmet Fatih Kacır announced another geographical sign registered in the European Union (EU). Fatih Kacır “Milas Oil Olives” was published in the Official Journal of the European Union and became Türkiye’s 14th geographical indication …

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SPANISH OLIVE OIL PRICES HIT FRESH ALL-TIME HIGH!

Drought, extreme heat have caused production to fall off a cliff… OVIEDO, Spain  The wholesale price of Spanish extra virgin olive oil hit a fresh all-time high on Tuesday, above €8,200 ($8,880) per metric ton ($8,900), according to Bloomberg.  This came as Spain, which produces around 45% of the world’s …

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OLIVE OIL INDUSTRY FEELS BURN OF EUROPE’S SEARING SUMMER!

ROME… European olive oil producers are sounding the alarm as this summer’s heat waves are expected to cause the second bad harvest in a row. Unusual droughts are the heart of a brewing crisis for the sector, which may result in gaps in shelves and rising prices of olive oil, …

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ALPER ALHAT: SHELF PRICES FALL WITH SUBSIDIES, NOT BANS!

Press release… The export ban on olive oil has created a shock effect in the sector! Akhisar, a district of Manisa province, Commodity Exchange President Alper Alhat said that the domestic market should be supported instead of the export ban. “If shelf prices are to be reduced, olive oil should …

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TURKIYE BANS OLIVE OIL EXPORTS FOR THREE MONTHS!

The shortage of olive oil production in Mediterranean countries has negatively affected domestic prices, prompting the Turkish Trade Ministry to introduce additional measures, including the suspension of olive oil exports until November, to prevent a price increase in the domestic market. In a statement, the ministry said that due to the drought in Europe, …

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AHMET AKBUGA: OLIVE OIL PRICES MAY REACH 250 LIRAS PER LITRE THIS YEAR!

As the climate crisis and unusual weather conditions strike the western province of Manisa’s Akhisar, one of Türkiye’s major olive producers, farmers are facing a staggering 87 percent decrease in harvest compared to the previous year, indicating an “olive disaster.” Akhisar, which supplies 70 percent of the country’s table olive needs, is experiencing a significant yield …

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AEGEAN EXPORTERS; OLIVE OIL YIELD NOT TO BE LOW

Press release… Olive oil yield will not be very low… Aegean Olive and Olive Oil Exporters’ Association (EZZİB) Board of Directors stated that the determinations that there will be decreases in olive oil harvest around the world in the 2023/24 season are not very realistic. “There is a yield expectation …

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TURKIYE AIMS TO BOOST MARKET SHARE IN OLIVE OIL WHILE DROUGHT THREATENS EUROPE…

ANKARA… While olive and olive oil output in Europe, especially in Spain, is in crisis due to the drought, Türkiye aims to boost its market share with establishing new production and export strategies. Close to achieving a $1-billion olive oil exports record, Türkiye focused on value-added production and sales, according …

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