The newsletter includes news about the IOC’s collaboration with the USA and with the International Centre for Advanced Mediterranean Agronomic Studies (CIHEAM), plans for World Olive Day, olive groves’ ability to help fight climate change, revised IOC documents from the standardization and research unit, and data on the world market, including trade and prices of olive oil and table olives.
Dozens of tons of olive oil were stolen from an olive oil farming cooperative's warehouse in Polygyros, Halkidiki; it is valued at over 370,000 euros.
"Twenty five olive oil producers who stored their production in an agricultural cooperative in Polygyros, northern Greece, from where it recently disappeared have filed criminal charges against unknown persons with the security police asking authorities to investigate how this happened and who is behind it."
As Costas Vasilopoulos writes, some olive trees were damaged by the rain and hailstorms in Greece that devastated the central part of the country with unprecedented flooding.
As Costas Vasilopoulos writes, "Around 4,500 hectares of olive groves have been burned in wildfires across the country. The government promises aid, but farmers want something else."
Olive Oil Times recently expanded on an earlier Greek Liquid Gold article about olive oil on restaurant tables in Greece.
Vassilis Zampounis writes that the current situation points toward "a total production of 170,000-180,000 tons for the upcoming year" in Greece.
"Warm weather, low fruition levels and the emergence of the fruit fly pose significant challenges to olive oil producers towards the next harvesting season."
"According to preliminary estimates from the United States Department of Agriculture, global olive oil production is expected to rebound in the upcoming 2023/24 crop year."
"Heat and drought in the Mediterranean are harming production of olive oil, causing its price to spike," although "Greece is expected to boost its olive oil yield as the center of olive production moves eastward, thanks to rains and relatively mild temperatures."
A report from Olivenews about unusually high prices for Greek olive oil.
2023 is a good year for Greek olive oil, according to statistics shared by Ambrosia Magazine.
"Olive oil consumption in Italy and Greece — two of the world’s largest producers — is expected to rise in the current crop year, according to data from the International Olive Council (IOC)."
Recent research in Greece shows that the expected effects of climate change should concern olive producers in the northeastern area of Chalkidiki.
According to Costas Vasilopoulos, "the European Commission has approved Greece’s national strategic plan, which aligns with the latest revision of the E.U.’s Common Agricultural Policy (CAP)."
The latest research indicates that the carbon sink effect from olive trees in the biomass and soil is much higher than greenhouse gas emissions from production. (July 8, 2016)
"Daytime temperatures remain around 20°C in many olive oil-producing areas of the country, undermining the quality of fresh EVOOs."
Worldwide data on olive oil production for the 2022/23 crop year, as forecast by the International Olive Council for major producing countries.
This year, many olive oil producers in Greece are more hopeful than those in Italy and Spain.
"The fruit fly threatens expectations of a bumper crop. Experts suggest a change in established practices of fighting the pest."