While olive and olive oil output in Europe, especially in Spain, is in crisis due to the drought, Turkiye aims to boost its market share with establishing new production and export strategies, Anadolu Agency reports. Close to achieving a $1-billion olive oil exports record, Turkiye focused on value-added production and sales, according to data compiled by Anadolu. Extreme heat in Spain, the world's largest olive oil producer, will cause production to remain below expectations leading to price hikes. With the surge in foreign demand, Turkiye will cut Turkish lira equivalent of 20 cents per kilogram on all kinds of olive oil exports, the Official Gazette announced on Wednesday. READ: Netanyahu to meet Erdogan in Turkiye, a first visit for Israel PM […] Source
All eyes on Turkiye as olive, olive oil production in Europe threatened by drought
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