Olive oil prices set to drop if conditions permit

Agricultural organisations are hopeful that this year’s olive oil production will be better than last year’s, potentially leading to a drop in prices for consumers. However, the full impact of heatwaves, drought and olive-eating insects on the crops won’t be clear until the olive-picking season begins in October.

President of Panagrotikos agricultural organisation, Kyriakos Kailas, told the Cyprus News Agency (CNA) that this year’s outlook seems more promising than last year’s, though...