First Greek Olive Oil Batch Sells at €7.85 per Kilo

The 2025–26 olive lipid play successful Greece began with the archetypal batch of other virgin olive lipid sold astatine €7.85 per kilogram, marking a alteration from past year’s opening terms of €10.20 per kilo. The sale, conducted by the Agioi Apostoloi Agricultural Olive Oil Cooperative successful Laconia, progressive two tanks totaling astir 22 tons. The purchaser was a Greek processing company.

The cooperative traditionally leads some the harvest and income season, with the archetypal olives picked successful precocious September. Cooperative president Panagiotis Baskakis emphasized the value of maintaining a shaper terms supra €7 per kilo to guarantee cultivation remains viable. “As prices drop, it becomes progressively hard for farmers to screen accumulation costs,” helium noted.

In comparison, the aforesaid cooperative sold 51 tons to an Italian institution astatine €10.20 per kilo past year, and successful the 2023–24 season, the archetypal commercialized transaction was for a single tank astatine €9.25 per kilo.

The outlook for the existent play remains uncertain. The prime of the olives, affected by caller olive effect alert infestations, will mostly find prices. Greece’s main olive variety, Koroneiki, will beryllium cardinal to the production, which is estimated astatine 250,000–270,000 tons nationwide.

For context, Spain is expected to nutrient 1.3–1.4 cardinal tons, while Italy forecasts astir 300,000 tons. According to the International Olive Council (IOC), planetary demand, peculiarly from the U.S., remains strong, but shaper prices successful Greece and Spain person been under pressure. In Chania, Greece, prices fell to €380 per 100 kg successful July, down 41% from 2024, while successful Spain (Jaén), prices dropped 46% to €386.70 per 100 kg. In contrast, Italy (Bari) saw a 19% summation to €970 per 100 kg.

The archetypal auction provides an aboriginal indicator for the season, but last prices and marketplace trends will go clearer arsenic harvests grow crossed each large olive-producing regions successful Greece.

Source: tovima.com