Sitia Crete-Mihalis olive grove-ΚΡΗΤΗ

OLIVE OIL FACTORY ACHLADIA VILAGE SITIA,CRETE,GREECE

Reduced appears olive harvest this year in Crete

Reduced and even the third of the average of the last eight years appears olive harvest this year in Crete , as is clear from the evidence so far , since it has already completed the process by 90 % .
 In contrast , the prices of oil, because of reduced production , have increased significantly Arriving and up 2.80 per EURO , and in some cases even higher .
The amounts of oil to be produced this year is expected to touch the 30,000 to 35,000 tonnes for the whole of Crete , as pointed out by scientific advisor of the Association of Cretan Olive Municipalities Nick Michelakis .
" Estimated ", as he said speaking at the " New Crete " , "that we have in Chania around 7000 to 10,000 tonnes in Heraklion 15,000 to 17,000 tonnes in Lassithi and Rethymno from about 5,000 tonnes ."
Meanwhile , extreme weather conditions last year , which caused various phenomena bondage wrist and greatly reduced the quantities produced oil , and ultimately responsible for many other problems that already exist , but there may be .
exports

Prices

At the same time , the law of supply and demand ultimately raises prices of olive oil , which, as formulated today in Crete , is on average around EUR 2,5 namely from 2.45 to 2.60 euros , without excluded and higher prices.
" From the information we have data that are traded in Crete , where paid and values ​​greater that reach 2.80 euros and perhaps more in certain cases , the quantities are large and the quality of the olive oil is very good .
The normative companies in Crete are now forced to pay higher prices for the purchase of oil needed this year, "