The conundrum of Greek olive oil exports

EconomyFeatures Tags: Business By: Omaira Gill
Photo by Natasha Pantazopoulou/Fosphotos
Photo by Natasha Pantazopoulou/Fosphotos

A spell of bad weather in olive producing countries means that crops this year are not going to be as productive as previous years. The result is a spike in the price of olive oil.

According to a report by Bloomberg, the impact of the weather has raised the price of extra virgin olive oil in Italy by almost one-third. Theoretically, this should have been good news for Greece, the world’s third largest producer of olive oil. In rea...

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