Table olive producers state that there should be a restriction on the export of bulk olive oil to Europe, especially Spain.
Otherwise, he stated that in the January-February period, olive oil could reach 300-350 liras per liter, and table olives could reach up to 400-450 liras.
Mehmet Fatih Sumeli, Manager of "Yağmur Milk, Olive and Meat Products Company", said that olive trees in Spain, Italy and France have lost around 60-70% of harvest due to drought compared to previous years.
Stating that these countries buy bulk olive oil from other producing countries in order to compensate for the loss in question, Sumeli said, "Due to this increase in demand, the price of olives for olive oil, which was around 15 liras per kilogram in Turkey, is now around 35 liras. In order not to lose their leadership in the world branded olive oil market, these countries, especially Spain, collect olive oil from all over the world. Unfortunately, in our country, there are companies that collect products from the shelves of national and local markets, make the packaged product in bulk and export or provide raw materials to the exporter. This crisis turns into an opportunity only by increasing our branded product exports. We urgently need to close our bulk olive oil exports and release only small packaged and domestic branded products."
“IF EXPORT IS NOT RESTRICTED, THERE WILL BE NO OLIVES ON THE TABLE AFTER 3 MONTHS”
Ali Yıldız, Member of the Board of Directors of "İkram Food Company", pointed out that the prices of olives and olive oil have increased due to exports and said, "If no restrictions are imposed on the export of bulk olive oil, there will be no table olives left in Turkey after three months. The reason is that although not as much as in Europe, there is very little olive in Turkey this year. Unless urgent intervention is made, the liter price of olive oil in the markets will rise to 300-350 liras, and the prices of table olives to 400-450 liras in the months of January-February."