A report from Olivenews about unusually high prices for Greek olive oil.
2023 is a good year for Greek olive oil, according to statistics shared by Ambrosia Magazine.
"Olive oil consumption in Italy and Greece — two of the world’s largest producers — is expected to rise in the current crop year, according to data from the International Olive Council (IOC)."
Recent research in Greece shows that the expected effects of climate change should concern olive producers in the northeastern area of Chalkidiki.
According to Costas Vasilopoulos, "the European Commission has approved Greece’s national strategic plan, which aligns with the latest revision of the E.U.’s Common Agricultural Policy (CAP)."
The latest research indicates that the carbon sink effect from olive trees in the biomass and soil is much higher than greenhouse gas emissions from production. (July 8, 2016)
"Daytime temperatures remain around 20°C in many olive oil-producing areas of the country, undermining the quality of fresh EVOOs."
Worldwide data on olive oil production for the 2022/23 crop year, as forecast by the International Olive Council for major producing countries.
This year, many olive oil producers in Greece are more hopeful than those in Italy and Spain.
"The fruit fly threatens expectations of a bumper crop. Experts suggest a change in established practices of fighting the pest."
Important news for olive oil bottlers about new European regulations.
As the article says, "Konstantinos Mitsotakis, the Greek prime minister, has pledged to restore the Amfissa olive grove, one of several agricultural territories of the country that suffered extensive damages from wildfires in the summer."
"All of Europe’s main producing countries, with the exception of Greece, are expecting significant production drops. However, some believe the forecast is too pessimistic."
"Contrary to other main European producers, Greece expects a substantial increase in its harvest yield. However, significant challenges could hamper the final tally."
"Optimism is expressed that the prices will continue to be satisfactory so that finally all the available olive oils will be sold in a high average price (moyenne) during the whole crop year."
A consideration of the role Greek olive oil plays in the Italian olive oil sector.
This article includes a very interesting video with scenes from an olive oil tasting lab, olive groves at harvest time, and a modern olive mill, as well as comments from several Cretans who work with olive oil. (Click on the CC button for English captions if you don't understand the Greek.)
Paolo DeAndreis summarizes some key points from an EU agricultural outlook report, pointing out, "Growing demand from households and the recovery of the foodservice sector are the main drivers increasing olive oil sales in the E.U."
"Local producers prefer to export their product in bulk to Italy without standardizing it."
"More than 130,000 olive saplings have been donated to farmers in the area surrounding Ancient Olympia in the northwest Peloponnese, replacing some of the hundreds of thousands that burned in last summer’s devastating wildfires."
