Shock in olive oil Greek market!

Shock Greek market is expected to cause the unprecedented decline in oil production this year .

According to ethnos.gr, based on the initial estimates the reduction will exceed even 50 % of production in some of the most important oil producing regions of the country, such as Crete , the Peloponnese and Lesbos .

The decline in production is due to the problematic fruit set and schinokarpia because of weather conditions . Of course, according to officials of the ELGA , the reduced production this year helps the phenomenon of biennial bearing , given last year's good production.

In particular , as explained , the trees one year to produce all of their capacity, while the next production is fairly reduced .

Olive oil is a key agricultural exports , which means that the decline in production will produce heavy blow to exports .

Many companies will find it difficult to execute orders under the contracts signed for exports , while much damage they will suffer and oil producers will see their incomes shrink.

However, despite the reduced domestic production of oil prices show no significant change " mercy Spain " , whose production according to the data so far is very high.

Although last year's olive crop year was a good year for Greek producers with high production and good prices, great rivals, the Italians and the Spaniards insist on selling their own oil more expensive than the Greek olive oil.
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