At high levels olive oil prices

  Landlines remain at high levels olive oil prices, despite the opposition of the upswing that followed the last time because of the expectations of buyers for decompression price due to slight prematurity presenting the new generation.

    According to the latest price schedule of the Association of Cretan Olive Municipalities, prices for extra virgin 1 October Peloponnese formed -3.00 to 2.80 euros per kilo, while in Crete prices reach 2.80 euros per kilo.
    Between 1.65 to 1.80 per pound price formed their minor virgin 5% acidity.
    The first quantities of fresh oil expected to be produced in Messinia in mid-October, with producers expect high prices starting in the range of 2.90-3.00 per pound.
    In any case, a key factor in pricing will be the Spanish production, which should significantly reduced, with estimates between 850-800 thousand. Tonnes.
    Beneficial for Greek production is rain of recent days. Domestic production is expected to rise by approximately 250 thousand. Tonnes, compared to the very low last year, with about 115 thousand. Tonnes.
   In Spain the price of extra virgin stands at 2.73 per pound, with industrial aces (lampante) to reach 2.33 per pound.
   In Italy the price of extra virgin remained splashing at 4.01 euros per kilo and lampante (acidity> 2%) to 2.17 euros per kilo.