Greek feta cheese “luxury” in Germany

Greek feta cheese “luxury” in Germany

200 grams of packaged feta in a neighbourhood supermarket in the German capital costs around €3.

The consequences of the extreme weather conditions that have “hammered” our country have also started to show up in the prices of strong Greek products on the shelves of German supermarkets.

This is mainly due to popular and particularly popular products such as Greek olive oil, olives and even feta cheese. As for olive oil, which has been called the ‘new gold’, prices range from ten euros per litre to as much as 20 euros.

A short stroll through a Berlin district supermarket confirms this trend. In German supermarkets one finds mainly half-litre bottles, which are also unaffordable, with many German consumers leaving them untouched, opting for other vegetable oils for cooking and salads. Indeed, as the quality increases or when it comes to more ‘special’ or organic labels, prices can even exceed 20 euros.

No immediate price reduction is expected

In a recent report, Focus magazine even reported that Greece, the third largest exporter of olive oil to Germany, suffered serious losses this year. In Rhodes, for example, numerous olive groves have been burnt down, with estimates suggesting a 50% drop in yields. In areas such as Crete or Zakynthos, fears are being expressed, according to Focus, of a reduction of up to 70% of the harvest. As for the famous Kalamata olives, which are also famous in Germany, in some areas losses due to high summer temperatures may even reach 80%.

According to the report, there has also been an increase in the wholesale prices of olive oil, from which, however, it is not the producers but the intermediaries who benefit. The German magazine even notes that a normalisation of prices is not expected until 2024-2025, and that only if there are no other natural disasters in olive oil producing countries such as Greece, Spain, Turkey and Italy.

Greek feta is a ‘luxury’ cheese

The fluctuations in the price of Greek feta, a favourite cheese of German consumers, are also interesting. 200 grams of packaged feta cheese in a local supermarket in the German capital costs around EUR 3. This is essentially a piece of feta cheese for which German consumers will now have to dig deep into their pockets.

Focus also points out that 70% of Greek feta is produced in Thessaly, the region that was severely affected by the floods, while 60% of the total production of Greek feta is exported. In fact, Germany is the “best buyer” of feta, absorbing one third of Greek exports.