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Turkish Olive Oil

Turkish Olive Oil

Turkey’s olive oil exports have declined by 52 percent in the past two months when compared to the same period last year.

Exports are down because the country’s olive oil producers are holding on to their stocks with expectations that prices will rise following the poor harvests in Italy and Spain due to bad weather and pest infestations, and hopes they will be able to cash in on high international demand for olive oil.

While Turkey’s olive oil producers wait for prices to rise, they do not want to lose their foreign markets. “Our producers are now exporting their products for almost nothing just not to lose their market share to their strong Spanish and Italian competitors,” reported Gürkan Renklidağ, the head of EZZİB, to Hürriyet, one of Turkey’s major newspapers.

17 Mart 2017, 22:41 | Чтение : 636

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