Business · Energy & Commodities · 5 hrs ago

Turkish olive growers face losses as prices fall and costs rise

Turkish olive growers face losses as prices fall and costs rise

Olive producers in Edremit, western Turkey, say this is their hardest year as prices fall and costs rise.

Edremit Chamber of Commerce head Ahmet Çetin says some farmers may leave olives unpicked because harvesting costs exceed what they can earn.

He expects Turkey’s olive oil crop to reach about 500,000 tonnes, though the amount has not been officially announced.

Many trees are not suited to machine harvesting, so producers rely on costly manual labour.

Çetin is asking the government for at least 50 lira per litre in olive oil support to help farmers cover losses and encourage sales to be invoiced.

He also wants export support, saying roughly 200,000 tonnes of oil remain from each production period and need overseas markets.

The chamber has requested meetings with government ministries, hoping for action before the harvest season is put at greater risk.

1 source

Related

What people are saying

Ahmet ÇetinEdremit Chamber of Commerce president
Producers, let alone hiring workers, would lose money even if they picked the olives themselves
via Dünya
The prices formed today are an insult to the producer; there can be no such figure
via Dünya
A premium per litre must absolutely be given
via Dünya