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Olive oil season wage rise of 10 piastres per kg
Olive oil extraction prices in Jordan have increased from 65 piastres to 75 piastres per kilogram, marking the first increase in nearly 12 years. This rise is due to higher operating, maintenance, labor, and imported spare parts costs. The impact on the price of a tin of oil, which ranges between 90 and 110 dinars depending on quality, is expected to be limited. Approximately 30,000 tons of oil are forecasted to be produced this season from about 210,000 tons of olive fruits, with surplus production available to meet the local demand estimated between 25,000 and 28,000 tons annually. This reduces dependence on imports and helps maintain market stability. The 153 oil mills are officially scheduled to start work on October 15, aiming to meet local market needs before exporting.
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