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Jordan Expected to See Higher Olive Oil Prices
It is expected that olive oil prices in Jordan will rise during the current season by approximately 5 to 10%, due to increased operational and maintenance costs experienced by mills. Meanwhile, the grinding fee has remained steady at 65 piastres per kilogram for the past 12 years. Olive production is anticipated to reach around 30,000 tons, with licensed mills available to process the season’s crop. Estimates indicate that domestic consumption ranges between 25 and 28 thousand tons, which may result in a surplus. The expected price of olive oil will be between 90 and 110 dinars per tin (jug). The focus is on meeting local demand before exporting any surplus.
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