On the continuing downward slide of olive oil prices in Greece

In Crete, bulk prices for premium quality EVOO with less than 0.3 acidity have dropped as low as €2.60 ($3.16) per kilo. Olive growers desperate for cash flow are selling at alarmingly low prices. The Greek media are blaming Italians buyers for not offering higher prices. They also blame the Cretan olive mills for not storing it and waiting for higher prices. Some are even blaming the olive growers for harvesting too quickly and creating a temporary oversupply.