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4 clusters · 9 sources · 24 days · First seen · Last updated

Greek olive oil production and prices continue to decline

Overview

Greek olive oil producers continue to face significant market shifts and declining yields. While the 2026/27 season opened with a primary sale in Laconia at 5.95 euros per kilogram—a 24% decrease from the 2025/26 season—recent data indicates that Greek extra virgin olive oil prices have settled lower, at approximately 3.58 euros per kilogram.

Production in Greece is facing a sharp downturn, with estimates suggesting a 20% drop compared to the 2024/25 period, potentially reaching 231,000 tons. The impact is particularly severe in Crete, where production is estimated to fall to just 38,000 tons for the 2025/26 period, a significant decrease from the 132,000 tons produced in 2022/23. Regional declines in Crete are substantial, with Lasithi seeing an 81% drop and Heraklion a 74% decrease, largely attributed to climate change and environmental pressures.

On a broader scale, European Commission data shows global production for the 2025/26 season fell by 5% to approximately 3.429 million tons, though this remains 11% above the five-year average.

Beyond volume losses, the sector faces challenges regarding market integrity, specifically concerns over illegal ‘Greek-labeling’ practices and competition from third-country imports. High costs for labor, fertilizer, and energy persist, while the decline in olive production is beginning to affect secondary industries, such as energy production that relies on olive pomace and residues. To mitigate quality issues, experts continue to advise monitoring the ‘invaiatura’ stage and using perforated crates during transport to prevent spoilage.

Entities

Laconia · Greece · European Commission · Agricultural Cooperative of Agioi Apostoloi · Olympia - Xenia

Timeline

  1. [BUSINESS] 2 sources
    Greek olive oil prices drop as new season begins

    Greek olive oil prices have dropped significantly for the new season, with the first sale in Laconia at 5.95 euros per kg. Producers also face low yields due to weather conditions.

  2. [BUSINESS] 5 sources
    Laconia olive oil season opens with price drop to 5.95 euros per kg

    The Greek olive oil season opened in Laconia with a sale of 55 tons at 5.95 euros per kg, a notable decrease from previous years' opening prices of 7.85 and 10.20 euros per kg.

  3. [BUSINESS] 2 sources
    Olympia - Xenia reports rising profits despite falling olive oil prices

    Olympia - Xenia reports a rise in sales volume and pre-tax profits despite a turnover decline caused by falling international olive oil prices.

  4. [BUSINESS] 2 sources
    Laconia olive oil producers face low demand and price pressure

    Olive oil producers in Laconia, Greece, report low commercial interest and difficulty securing sales, with recent extra virgin olive oil transactions settling at approximately 4 euros per kilogram.

Sources

agroekfrasi.gr · anagnostis.org · gargalianoionline.gr · kefaloniamagazine.gr · lesvosnews.net · newmoney.gr · selfservice.gr · tanea.gr · ypaithros.gr

This summary has been updated 4 times: see revision history