Expectations of olive oil tin price stabilizing at 100 dinars

Al-Taj News – The head of the Syndicate of Jordanian Olive Press Owners and Oil Producers, Tayseer Al-Najdawi, confirmed that olive oil tin prices will witness stability at around 100 dinars during the coming period, in light of the continuation of the pressing season and the increasing quantities offered in the markets.

Al-Najdawi indicated that the olive season has entered its peak stage, amid an abundance of production quantities and a high rate of oil extraction from the fruits, coinciding with growing demand from citizens and traders to buy oil directly from the presses.

He explained that the price hike at the beginning of the season is linked to increased demand and limited available quantities, while prices begin to stabilize gradually with the progress of the season and the rise in production volume.

Al-Najdawi pointed to a notable demand from citizens and farmers to buy olive oil directly from the presses, in light of the availability of local production quantities, and the keenness of consumers to buy oil from reliable sources and ensure its quality before purchasing.