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A New Chapter for Terraolivo: Olive Oil Excellence in Cyprus

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The relocation of the Terraolivo international olive oil competition to Cyprus highlights the island’s historical ties to olive cultivation and its rising prominence in the global industry. With the competition now taking place in Cyprus, known for its rich tradition in olive production, the event showcases the island’s commitment to excellence and innovation in olive oil.

europe olive oil

Price of Olive Oil Surges

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The surge in olive oil prices across Europe, including Cyprus, has reached unprecedented levels, with a 50% increase reported by Eurostat in January 2024 compared to the previous year. Adverse weather, high demand, and global economic fluctuations are among the key factors contributing to this sharp rise, impacting both household budgets and industries, particularly in Mediterranean countries reliant on olive cultivation.

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