Bears and Bulls

937

Sitting bears =idleness, lack of demand, low prices, prevail in the Greek olive oil market rather than aggressive bulls =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, 0.3 % acidity, at prices that have won approximately 5-10 cents. Crete also shows mobility towards these good qualities.

This year the problem is that on a national level these qualities are hard to find, they are maybe less than 20% of the whole production.