Wholesale olive oil prices in the global market decreased from 9 euros to 7 euros in the last 45 days. Noting that the decline of 2 euros in the global market has brought the trade to a halt in the domestic market, sector representatives state that the reason for the …
Read More »DAVUT ER: EXPORT BANS BOOSTED OLIVE OIL PRICES!
Press release… Export bans in the olive oil sector did not reduce prices in the domestic market, but increased prices by 30 percent! Stating that the restrictions imposed on bulk and barreled olive oil exports did not lead to a decrease in prices in the domestic market and caused a …
Read More »SOARING OLIVE OIL PRICES IN GREECE MAKE A STAPLE INTO A LUXURY!
Olive oil prices in Greece surge by nearly 70%, pushing past $15 per liter in supermarkets, affecting Mediterranean diets… Olive oil, an essential staple of Greek cuisine and other Mediterranean diets, has become a luxury for many in Greece, due to skyrocketing prices. A view of olives being washed in …
Read More »YUMAKLI: WE WILL FIGHT EXORBITANT PRICE HIKES!
Agriculture and Forestry Minister Ibrahim Yumaklı addressed Friday the issue of exorbitant price hikes, noting authorities would undertake the required steps against all the sectors identified doing this practice, highlighting at the same time they would continue to protect producers to ensure sustainable production. Yumaklı, in his speech at the …
Read More »ALPER ALHAT: TURKIYE DOES NOT FACE A SHORTAGE OF OLIVE OIL
Despite the expected decline in production, Türkiye’s olive oil producers do not anticipate serious supply problems thanks to olive oil in the stocks. Poor olive harvest and resulting low olive production is not a unique problem to Türkiye. The world’s largest olive oil producers, Spain and Italy, also saw a …
Read More »BAYRAKTAR: PRICES INCREASE, YET ADULTERATION DOES NOT END!
Press release… Şemsi Bayraktar: Prices are increasing, imitation and adulteration in olive oil does not end! Pointing out that olive oil is one of the most counterfeited and adulterated foods, TZOB President Şemsi Bayraktar said, “Increasing prices spike the number of counterfeit and adulterated products in the market. Imitation and …
Read More »FEVZI CONDUR: WE DON’T EXPECT A SERIOUS SUPPLY PROBLEM IN OLIVE OIL
Despite the expected decline in production, Türkiye’s olive oil producers do not anticipate serious supply problems thanks to olive oil in the stocks. The national production is forecast to drop from 400,000 tonnes last year to around 150,000 tonnes in 2023, according to Fevzi Çondur, the head of the Aydın Commodity Exchange. Fevzi Çondur …
Read More »DROUGHT IN EUROPE AND EXPORT BAN IN TURKIYE BOOST PRICES!
Türkiye, which ranks in the top 5 in world olive production, imposed restrictions on olive oil exports, combined with the drought in Europe and olive oil prices in the world increased by more than 100 percent. While it is stated that olive oil thefts have started in Spain due to …
Read More »THE GLOBAL PRICE OF OLIVE OIL HIT A 26-YEAR HIGH!
Drought in Spain and elsewhere in the Mediterranean is stressing supply… Heat and drought in the Mediterranean are harming production of olive oil, causing its price to spike. The global price of the oil is now almost $6,000 per metric ton, according to data from the International Monetary Fund (IMF). That’s the highest since …
Read More »DR. MÜCAHİT KIVRAK: SELLING 5 KG TIN CAN OF OLIVE OIL AT 85 LIRAS IS NOT POSSIBLE
While the olive harvest and olive oil production continues rapidly in the Edremit Bay of Balıkesir province, Dr. Mücahit Kıvrak, Balıkesir University Edremit Vocational High School lecturer, said, “There is no olive oil for 85 liras in a 5 kg-tin can.” Indicating that the adulteration (counterfeiting) incidents put the sector …
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