20 Hrs
Source:
وكالة عمون الاخبارية
Olive oil prices unlikely to repeat
Olive season forecasts in Jordan indicate an increase in production this year, expected to reach around 30,000 tons, which covers the local demand of approximately 27,000 tons and exceeds it. This optimism is based on the recovery from the decline experienced after the 2023 season, which shrank by 55% due to a lack of rainfall, with last season's production amounting to about 16,500 tons. The anticipated improvement suggests that olive oil prices may decrease compared to last year, when prices were high, reaching up to 150 dinars per tonka. It is also emphasized that purchasing the product from trusted sources is important to ensure quality.
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