The country’s producers are sending a warning signal from the continuous increases in olive oil and dairy products.
According to the relevant Mega report, in just one year the price of olive oil increased by 16.6%. Extra virgin olive oil last year was 3.50 euros per liter, this year it leaves the mill at 4.50 euros per liter. PDO Messinia cost 3.60, this year it has risen to 4.60, while organic last year cost 4.30 and this year it has already increased to 5.30.
If the costs for bottling and transportation are added to these prices, then the price of the oil is prohibitive.
According to oil market players, the main causes that contributed to the jump in the price of oil are:
The price increase in fertilizers and pesticides
Fuel prices for agricultural machinery
The daily wages of the workers
The prices of the olive mill
The international situation
According to market players, a large amount will be sold anonymously and in bulk to Italian traders again this year, depriving them of the surplus value created by the Greek economy.
The country’s producers also send a signal of danger from the consecutive increases in the price of milk, which within one year reached up to 24.2%.
In another report, Mega points out that producers thus warn that if the increased cost of production continues without concrete measures being taken, then not only will its price increase further, but there will also be a serious shortage in the market.
With milk production reduced, cheese makers produce smaller quantities of dairy products. In addition, expensive animal feed leads to a lack of milk and consequently to a jump in retail prices.
The price increases are inevitable to pass on to the consumer, who last year found fresh milk for €1.31 and today buys it for €1.84.
The highly pasteurized last October was €1.38 and now we buy it at €1.87 per liter. We used to find chocolate in the fridges at €1 and 90 minutes and this year at €3.60, with the increase reaching 90%.
Finally, evaporated milk used to cost €2.23 per kilo, and today we find it €3 and 15 cents. Consumers are now thinking twice about the quantity they will buy for their refrigerator.