Jordan to open new olive oil mills from October 15
The Ministry of Agriculture in Jordan has decided to open olive oil presses across all regions starting October 15th, in preparation for the current harvest season. This comes after 153 licensed presses have become ready to receive the crop, with an expected production of around 30,000 tons of oil, which is higher than last season's output that declined to about 20% of the normal rate. The presses are expected to start receiving the fruits within approximately 15 days after completing the preparations, with an anticipated increase in pressing fees ranging between 5 and 10%, despite the current price remaining at 65 qirsh per kilogram. The price of olive oil for this season is expected to range between 90 and 110 dinars per tank, with the possibility of export if the required quantities are available, while prioritizing the local market first.
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