Farmers Predict 85 Dinars for Local Oil Barrel
Farmers expect the price of a 16-kilogram barrel of local olive oil to reach approximately 85 dinars during the upcoming season, amid indications of increased production and greater availability of oil. This comes after last season experienced a shortage in production and barrel prices exceeding 100 dinars, which forced the government to import quantities of olive oil from Tunisia to meet domestic demand. The final price in the new season will depend on the volume of production, the quality of the oil, and the levels of supply and demand in the market.
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