Olive oil prices are burning! Experts call for "Continuation of export ban".

The ban on bulk and barrel olive oil exports, which was implemented by the Ministry of Trade last year in October, was extended indefinitely. While the decision was welcomed by table olive producers, experts have issued a new warning following the increasing prices of olives and olive oil during the process.

PRICES SOARED AS DEMAND EXPLODED

Due to droughts in Spain, Italy, and France, olive tree yields have decreased by up to 70% compared to the past, and these countries have turned to producer countries like Turkey to compensate for their losses. With the increase in demand, the prices of olive oil in Turkey have also doubled.

SPAIN'S EYE IS ON TURKEY

Countries like Spain, who do not want to lose their leadership in the olive oil market, turn the packaged products they collect from national and local markets in Turkey into bulk products and export them to exporters, causing olive and olive oil prices to reach record levels in Turkey.

WE'RE IN TROUBLE IF THERE'S A YIELD LOSS

Experts warn that if there is a yield loss in Turkey, prices will increase even more, and they call for the cessation of bulk olive oil exports, which have no benefit or added value for our country, for the common benefit of all citizens.

IF EXPORT CONTINUES, WE MAY NOT FIND OLIVES ON OUR TABLES

Table olive producers also point out that the decrease in olive stocks in the country may pave the way for the introduction of counterfeit olive oil into the market, and they also indicate that table olives will not be available if the export ban is lifted again.