Prices – “fire” in olive oil – Newsbomb.gr reveals a case of a producer in Naxos who sold two-year-old oil for 6 euros per kilo – What the President of the Union of Agricultural Cooperatives of Naxos, Dimitris Kapounis, says
With… patrols, this year the olive harvest takes place in Naxos since the cases of theft of the precious fruit have increased! In addition, the olive producers of the island but also the olive presses they are in despair because of low oil production this year.
Speaking about this year’s olive production year, President of the Union of Agricultural Cooperatives of Naxos, Dimitris Kapounis, reports to Newsbomb.gr: “We had two cases of theft on the island. But this always happens, it’s not the first time. Producers patrol their properties at night to protect their property.”
The price of tin has skyrocketed
He adds: “The harvest has just begun. Although prices have not been announced since our island olive oil sold door to door from acquaintance to acquaintance at a price this year of 10 euros per liter. Hence its selling price is at 180 – 200 euros.
All this is happening as the quantities this year are very reduced. Although we have no measurements for it production in Naxos I hear from the producers that they are talking about a 70% reduction.”
However, Mr. Kapounis, wanting to describe the situation that prevails this year, referred to an incident that occurred on the island and shows how valuable the olive oil.
Five tons of last year’s oil were sold… 30,000 euros
“There was a producer on the island who had two years old oil in his barrels and he sold it 6 euros. Specifically, it had 5 tons and was paid 30,000 euros by a merchant on another island. Where under normal circumstances he would give it away and no one would take it”, said Mr President of the Union of Agricultural Cooperatives of Naxos at Newsbomb.gr.
Latest incident of theft
The last incident theft was spotted at Blondewhere an astute “drilled” into an olive grove and collected altogether 620 kg of olives from 32 olive trees.
Its owner olive groves found the perpetrator to have proceeded with the harvest 620 kg of olives, causing damage. The vigilante was arrested yesterday morning (31/10) in a settlement of Xanthi, by police officers of the Security Department.
The above amount of olives Delivered again in owner of olive groveswhile the Xanthi Security Department is conducting the preliminary investigation.
Anti-theft on the shelves
They entered Spain for the first time anti-theft on olive oil bottles.
This phenomenon also came to our country, as in a mini market in Xanthi the owner has secured the oil packages with an entire chain.
A large chain followed the same tactic Super Market, in the center of Athens. secured the olive oil packages with an anti-theft system after the phenomenon of thefts observed in this particular product which tends to become another luxury product for households.
The situation in Spain
Spain’s olive oil production will not exceed 1 million tonnes in the 2023/24 crop year, according to Luis Planas, its deputy minister of Agriculture, Fisheries and Food Spain.
However, he said that the production – according to Olive Oil Times – will surpass the record low of 663,000 tonnes produced in 2022/2023, 54% below the average of the previous four years.
According to the same report, olive oil prices in some areas of Spain they have decreased slightly from the high records of the previous period. In particular, the price of extra virgin olive oil decreased from 8.35 euros per kilo on September 14 to 8.19 euros but experts expect the upward trend may continue.
The decline in olive oil production and concerns about the steady increase in prices resulted in the Spanish Finance Minister, Nadia Calvino to call for measures to stabilize prices.
In fact, he urged all interested parties to olive oil supply chain to work together to control prices, as olive oil is key in many Spanish households.