Sunshine blow to olive crop.
Sunshine may be fine for Greek Island holidaymakers but it looks like hitting Greek olive oil producers hard this year. The situation is very bad in parts of Halkidiki where growers forecast catastrophic losses more than 80% in this year's olive crop. Hot weather in May and June has burnt the fruit just as it was setting and the damage is irreversible say growers who forecast a dramatic drop in olive oil and table olive output later this year.
The impact will not only affect growers, of course. There is sure to be a knock-on effect across the industry, from package and bottle producers to transporters and distributors.
The cultivation of table olives in the region of Halkidiki has been very hard hit with an estimated decline in fruit so far of more than 70% and no sign of a change in weather conditions.
Some parts of the region are talking of a total catastrophe this year with even 100%, of the crop written off as the weather conditions militate against fruit setting.
Olive oil producers may ask the European Union for special help to offset the losses this year and to exam of the possibility of special benefits to affected growers to keep businesses from folding.
Early flowering of olive trees looked promising earlier this year but a spell of very warm weather prevented fructification in some areas and what many fear will be a total loss of this years olive crop.
There are many different olive varieties in Greece for example: Manaki, Koroneiki, Lianolia, Chondrolia (also called Throumbolia) and Tsounati. The poor weather has had an impact on all varieties.