{"id":10966,"date":"2024-01-24T08:32:10","date_gmt":"2024-01-24T07:32:10","guid":{"rendered":"https:\/\/svjmedia.nl\/internationaljournalism\/?p=10966"},"modified":"2024-01-24T09:09:36","modified_gmt":"2024-01-24T08:09:36","slug":"harvesting-challenges-greeces-olive-oil-industry-grapples-with-the-impact-of-climate-change","status":"publish","type":"post","link":"https:\/\/svjmedia.nl\/internationaljournalism\/10966\/harvesting-challenges-greeces-olive-oil-industry-grapples-with-the-impact-of-climate-change\/","title":{"rendered":"Harvesting challenges: Greece’s olive oil industry grapples with the impact of climate change"},"content":{"rendered":"

Olive oil has deep historical and cultural roots in Greece, making it an integral part of the country’s identity, cuisine, and economy. As the olive harvest commences in some parts of Greece, predictions of a diminished yield amounting to 215,000 tons and unprecedented high prices have elevated the status of olive oil to a precious commodity for both producers and consumers.<\/strong><\/p>\n

Origin prices have surged, ranging between \u20ac8.50 and \u20ac9.20 per kilogram for low-acidity extra virgin olive oil. Meanwhile, consumers are confronted with prices up to to \u20ac16.00 per liter for packaged extra virgin olive oil in supermarkets and other retail outlets.<\/p>\n

Struck by climate change, the olive oil industry is taking an economic downfall, affecting not only consumers but olive farms as well. The export of Greek olive oil detects a notable surge of 70% in olive oil prices from early 2021 to September 2023, securing Greece a commendable third place in the EU’s realm of price hikes, overshadowed only by Spain’s 138% and Portugal’s 90% increments. As we delve into the forthcoming 2023\/2024 olive oil season, a steep decline in production, from 350,000 tons to a mere 160,000 tons, foreseen by EDOE, Greece’s olive oil industry authority, foretells a formidable challenge.<\/p>\n\n\t\t