Cyprus olive harvest season begins amid economic uncertainty

The olive harvesting season has officially commenced in Cyprus, with oil mills beginning operations. Despite early production efforts, producers face a challenging environment characterized by a significant increase in labor costs, with daily harvest wages rising from 40–45 euros last year to 60–70 euros this season. Additionally, producers report difficulties such as labor shortages, damage from hail, and downward pressure on market prices.

Giangos Giangou, an olive mill owner in Peristerona, highlighted that while producers sold olive oil at approximately 5 euros per liter last year, current market expectations have dropped to around 3.50 euros per liter. Beyond pricing, concerns have been raised regarding the potential presence of imported olive oil sold with misleading labels. Giangou has called for more rigorous official testing and laboratory documentation to protect both local consumers and the competitiveness of Cypriot olive producers.

While the harvest is underway, activity remains currently limited, with operations expected to intensify throughout November. The sector remains in a state of uncertainty as stakeholders wait to see how local and international market conditions will ultimately shape the profitability of this year's harvest.