Thursday, June 20, 2024

Greece faces late olive oil production

Even though the two storms have favored the recovery of the olive grove

The new olive oil campaign in Greece is showing itself in a very unstable way and somewhat later than in other years.
(published by Olimerca)

Climate change and consequently the climatic conditions that have occurred in this country during the last month have been decisive in this crop.
Specifically, in Greece during the last month they have suffered two important storms that, although they have caused damages in some parts of the territory, for the olive grove they have caused the “revitalization” of the trees, helping the olives to acquire more pulp; while hail and strong winds have left only little damage locally.

According to, although the normal harvest has not yet started, the Greek production is estimated to be around 200.000 tons, with Peloponnisos being the area that will represent 50% of the total production (35.000 tons will come from the Messinia-Kalamata region, 25.000 in Lakonia-Sparti, 15.000 in Ilia). In Crete, the production will reach 50.000 tons (25.000 Iraklio, 15 Chania and 10.000 in the rest of the island). In relation to the Aegean islands the predictions are about 15.000 tons and for the Ionian islands 10.000 tons. In central Greece, a production of 15.000 tons is expected and in the North (Macedonia and Thraki) 10.000 tons.

Moreover, in terms of prices at origin, they can be summarized as follows:
– Few deposits of fresh olive oil of extreme quality were sold in southern Lakonia for 4,20€/ Kg
– The price of last year’s extra virgin olive oil varies between 3,10 and 3,30 €/ Kg
– As for the 5° lampante, an oscillation between 2,45 and 2,65€/ Kg is noted, depending on their chemical characteristics



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