Bears and Tigers


Sitting bears =idleness, lack of demand, low prices prevail in the Greek olive oil market rather than aggressive tigers =high demand in high prices, as trading terminology would put it This phenomenon is not only Greek but also general with the exception of Italy

However, in Laconia several transactions are being made for very good olive oils premium, 03deg acidity, at prices that have won approximately 5-10 cents Crete also shows mobility towards these good qualities

This year the problem is that nationally these qualities are hard to find they are maybe less than 20 of the whole production That is the reason why the wider area of Messinia constitutes this year a classic case of a ldquositting bearrdquo in comparison with last yearrsquos 2017/18 excellent qualities

On a last note, the lampante market shows vividness In Lesvos lampante oils exceed even 2euro base 5deg acidity