Olive producers face economic challenges in Greece and Cyprus

Olive oil producers in Greece and Cyprus are facing significant economic pressures as the new harvest season begins. In Greece, political groups are supporting nationwide protests and blockades, citing that olive prices have fallen below production costs. Protesters are demanding guaranteed minimum prices, improved pest control programs, and better irrigation infrastructure. They also highlight concerns regarding the reclassification of approximately 2 million hectares of productive land as forest land, which limits farmer subsidies.

In Greece, regulatory updates have also caused confusion. A recent decision has extended the period until December 31, 2026, during which olive producers under the standard VAT regime are not required to issue digital dispatch notes when transporting olives to mills, provided they meet specific conditions.

In Cyprus, the olive oil season is underway, but producers face rising labor costs and a shortage of workers. Daily wages for harvesters have reportedly increased from 40–45 euros to between 60 and 70 euros. Additionally, while production indicators appear positive, low international market prices and previous hail damage have created uncertainty regarding the season's profitability.