Greek olive oil is expected to enjoy a great year in 2018, after a mediocre crop in the previous year, as this year’s crop is projected to be better, George Economou, head of the Association of Olive Oil Industries SEVITEL said on Friday. He said this would raise the bar both for production and exports of Greece’s “liquid gold,” noting that this should be sold as a “premium” product, ANA reports.
In comments made to the Athens-Macedonian News Agency radio station “Praktoreio 104.9 FM,” Economou noted: “We have around 280,000 tons, it is a very good year, I hope we can extend the run of good figures to our exports also, which have been rising steadily in the last few years.” Economou noted that olive oil exports have doubled, from around 15,000 tonnes 15 years ago to 30-35,000 tonnes at present. “All the positive messages makes us even more optimistic and we hope we can earn an additional 3-5.0 pct,” he said.
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