The harvest is only measured when it is collected – most farmers will confirm this rule, but preliminary data gives some reason for optimism about the expected olive harvest and olive oil production this year in Turkiye and in Greece, two of the main producers in the Mediterranean region, where most of the world’s olive oil is produced.
Adverse weather conditions last year caused a big drop in olive production and led to a sharp spike in olive oil prices.
According to the European Commission, the price of olive oil in the EU increased by an average of 50% between January 2023 and January 2024.
Hopes for record-setting harvest in…
