The reasons many. Among these are weather conditions, as this year there have been heavy rainfall in many regions of Greece, as well as the fatigue of the trees, as Mr Antoniadis said “the year is going well and the next one is not, tree. It can not change that, the tree can not make many good productions. ”
Also, in addition to reduced production, there is also a quality problem due to the fly. According to SEVITEL’s President, “in Greece, the fight against the fungus was not right in the past year, with the result that many of the olive trees are degraded” and adds that quality can be protected but also improved “if the dictation is done at the right time in the right way, something that did not happen last year. ”
There are also big problems with the Italian market and the loss is expected to reach 50%, as is the case in Greece. On the contrary, production in Spain is excellent, as Mr Antoniades says, and notes that this event “certainly pushes the price to the current levels of around 3 euros for extra virgin olive oil”.
Finally, as he told the Athenian-Macedonian News Agency: “We believe SEVITEL has the potential to export a standard branded product because it has been doing well in recent years. At the moment we are talking, we have exceeded 30,000 tons of standardized oil “and stressed that the goal” in the next 2-3 years is to exceed 50,000 tons. The momentum exists and is satisfactory and we are optimistic that within 2-3 years we will achieve our goal. Besides, the market and exports of olive oil are growing steadily, while there is a reduction in the internal market. ”