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Turkey imports more olive oil to meet local demand

Turkey imports more olive oil to meet local demand

ANKARA: Turkish olive oil companies are importing olive oil from abroad to make up for shortages in the domestic market.

The Turkish brand Komili, which produces different types of oil for the Turkish consumer market, including extra virgin olive oil, is one company which is importing olive oil from other countries, mainly Tunisia.

The price of Turkish olive oil has continued to climb to the current price of 12 Turkish Lira ($4.88) per kilogram. However, domestic producers are still holding off selling their stocks in hopes that the price will continue to increase in response to high worldwide demand given the poor harvests in Spain and Italy and the overall decline in world olive oil production.