Olive oil producer prices are falling rapidly, currently hovering around 5 euros per liter
Wholesale rates have dropped but retail price will remain high until at least next month
Wholesale rates have dropped but retail price will remain high until at least next month
In the last 12 months the price of olive oil in Greece has fallen by 39%-45% - What is happening in competing Spain and Italy - Greek exports have lost ground to Turkey
Greece has been ranked as the third-best destination worldwide for olive oil tourism, according to a recent study by Compare the Market.
Combined with the effect of the floods in Thessaly and the phenomenon of price increases in olive oil, the de-escalation of the index toward 2% is postponed until the second half, according to National Bank of Greece analysts in a special study, “Inflation and Short-Term Challenges,” published on Wednesday.
Food exports in the 11th month of 2023 amounted to €6.9 billion from €6.3 billion, showing an increase of 9% or €573 million, compared to the corresponding period last year