Greece has benefited, mostly in terms of being able to command a higher price for its olive oil, from the fact that Italy cannot cover its needs in olive oil due to natural disasters and is having to import, Agriculture Minsiter Stavros Arachovitis announced on Wednesday at Heraklion, Crete, according to ANA.
As he stated to the Athens-Macedonian News Agency, despite the fact that the yield from Greece’s harvest was also lower this year, developments in Italy have pushed the price upwards. Already in some areas, such as Lakonia, the price of extra virgin olive oil has exceeded 3.6 to 3.65 euros per litre, he pointed out.
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