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Greek olive oil breaks the barrier of € 4.50 per kilo Written by Monday, 19 December 2016
Greek olive oil breaks the barrier of € 4.50 per kilo
Greece producer prices have climbed to record levels in Peloponnese with extra virgin olive oil breaking the barrier of EUR (€) 4.50 per kilo
In Peloponnese, Greece producer prices have climbed to record levels with Greek extra virgin olive oil to break the barrier of EUR (€) 4.50 per kilo, while a few days ago in Zakros (Crete) the price reached € 4.00.

Olive oil is one of the most famous Greek products in foreign markets and restaurants, and it seems that for another year creates an excellent opportunity for Greek producers to take market share from their main competitors (i.e. Spain and Italy).

However, producers have to be careful as 2016-2017 is expected to be a challenging year in terms of production quantities and olive oil quality.