"Olive oil producers in Spain, Italy and Greece are grappling with challenges that threaten the viability of the sector."
"Kalamata and Sitia Lasithiou Kritis extra virgin olive oils have been registered as in India to protect them from imitations."
Climate change is threatening Greek olive production as trees suffer from a lack of cold, as well as less rain.
More bad news about thefts in Greece: branches and even entire trees are being stolen, as well as olives.
There is concern about the high price of olive oil and the low production levels expected this year in Greece.
"The world’s seven largest olive oil-producing countries are expected to yield 1.97 million tons in the 2023/24 crop year, 23 percent below the average of the previous four campaigns."
Concerns about olive oil production, consumption, prices, and theft continues in Greece.
With olive oil's price higher than ever before, theft of oil and olives is a concern; this technology may help combat the problem.
Some of the earliest harvest Greek extra virgin olive oil has sold for an astonishing price.
With olive oil prices 200% higher than last year in Greece due to climate-change induced shortages, theft of olive oil is increasing.
The newsletter includes news about the IOC’s collaboration with the USA and with the International Centre for Advanced Mediterranean Agronomic Studies (CIHEAM), plans for World Olive Day, olive groves’ ability to help fight climate change, revised IOC documents from the standardization and research unit, and data on the world market, including trade and prices of olive oil and table olives.
Dozens of tons of olive oil were stolen from an olive oil farming cooperative's warehouse in Polygyros, Halkidiki; it is valued at over 370,000 euros.
"Twenty five olive oil producers who stored their production in an agricultural cooperative in Polygyros, northern Greece, from where it recently disappeared have filed criminal charges against unknown persons with the security police asking authorities to investigate how this happened and who is behind it."
As Costas Vasilopoulos writes, some olive trees were damaged by the rain and hailstorms in Greece that devastated the central part of the country with unprecedented flooding.
As Costas Vasilopoulos writes, "Around 4,500 hectares of olive groves have been burned in wildfires across the country. The government promises aid, but farmers want something else."
Olive Oil Times recently expanded on an earlier Greek Liquid Gold article about olive oil on restaurant tables in Greece.
Vassilis Zampounis writes that the current situation points toward "a total production of 170,000-180,000 tons for the upcoming year" in Greece.
"Warm weather, low fruition levels and the emergence of the fruit fly pose significant challenges to olive oil producers towards the next harvesting season."
"According to preliminary estimates from the United States Department of Agriculture, global olive oil production is expected to rebound in the upcoming 2023/24 crop year."
"Heat and drought in the Mediterranean are harming production of olive oil, causing its price to spike," although "Greece is expected to boost its olive oil yield as the center of olive production moves eastward, thanks to rains and relatively mild temperatures."
