Despite a 40% price drop, olive oil market stagnates in Daraa - Enab Baladi

عنب بلدي

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Despite a 40% price drop, olive oil market stagnates in Daraa - Enab Baladi

Daraa – Halim Muhammad The olive oil markets in Daraa governorate, southern Syria, are experiencing stagnation, despite a 40% drop in oil prices and a 50% decrease in olive fruit prices compared to rates in November 2024 (the start of the olive pressing season). In January, the price of a tin of oil (16 kilograms) reached 600,000 Syrian pounds (approximately $50), down from over one million pounds, while the price of olives fell from 12,000 poun…