Greek olive oil production to offset international decline
This year’s olive harvest appears to have started off great for olive oil producers in Greece, who are hoping to counter the…
This year’s olive harvest appears to have started off great for olive oil producers in Greece, who are hoping to counter the effects of last year’s catastrophic harvest.
The production of olive oil in Greece is expected to reach 300,000 tons, from just 158,000 tons last year. The high production, according to a report in Ta Nea, is expected to offset the drop in production in Spain.
The same report notes that production in Italy, Greece’s other international competitor, is not expected to increase dramatically and will likely be about 455,000 tons, namely 5,000 tons more than last year.
In total, this year’s olive oil production is expected to be about 2.55 million tons, which suggests a 20% reduction on the record-high 3.19 million tons that were produced in the 2013-2014 season.