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Grove robbers goal ‘liquid gold’ as olive oil costs triple globally

Criminals throughout the Mediterranean area are stealing olives and branches and even reducing down timber to put their fingers on the fruit that has tripled in value since 2019. A few of the timber have stood for greater than 100 years.

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A world surge in olive oil costs – which have tripled since 2019 to set information – has offered criminals throughout the Mediterranean with a possibility.

Warehouse break-ins, accounting scams and oil tampering are on the rise within the olive rising heartlands of Greece, Spain and Italy. And with rising frequency, gangs use chainsaws to hack off branches and minimize down total timber at unguarded groves.

The crimes are compounding misery amongst growers already battling excessive manufacturing prices and the influence of local weather change: heat winters, main floods, and extra intense forest fires.

The olive groves exterior Athens are a part of an unbroken custom that stretches again to antiquity, on plains that now encompass the town’s worldwide airport. Some timber are centuries previous.

Neilos Papachristou runs an olive mill and close by grove in a fourth-generation household enterprise. He says the chainsaw robbers are driving growers to reap early and accept decrease yields to try to keep away from long-term harm.

“The (robbers) search for closely loaded branches and so they minimize them. So, not solely do they steal our olives, however they trigger the tree severe hurt. It takes 4-5 years for it to return to regular,” Papachristou mentioned, standing in a subject at daybreak.

Behind him, employees use massive electrical combs to scatter olives from the timber onto gathering nets. At his mill, farmers dump their crop into stainless-steel loading bins, untying sacks or tipping over tall wicker baskets from the again of their pickup vans.

Christos Bekas, who owns 5,000 olive timber, was amongst them. After repeated raids by thieves, he determined to cannibalise his crop with an early harvest.

“Final yr, 3.7 kilos of olives would produce a kilo of oil. Now that it’s near 10 kilos of olives for a kilo of oil, for my 600 kilos of olives I’ll get 60 kilos of oil. Final yr I received 180,” Bekas mentioned.

After many years of progress, the worldwide olive oil market has been disrupted by a close to two-year drought in southern Spain, a rustic that usually covers 40% of the world’s provide.

In line with European Union estimates, the Spanish hunch will assist push international manufacturing all the way down to 2.5 million metric tons within the 2022-23 crop yr, from 3.4 million within the earlier annual cycle.

Rising temperatures are affecting flowering, farmers and specialists warn, whereas larger fertiliser costs and labour shortages are additionally hitting prices.

With international demand remaining excessive, worldwide importers are sometimes prepared to supply costs above home charges. Yr-on-year exports from Greece greater than doubled within the first 5 months of 2023, whereas Turkey in August suspended exports to guard its home market.

Benchmark costs in Spain, Greece and Italy are monitored for the best grade of olive oil, often known as additional virgin, by the Worldwide Olive Council, an intergovernmental organisation primarily based in Madrid.

In late 2019, wholesale costs dropped under 3 euros per kilogram. By final September, that they had reached 9 euros per kilo.

Spanish police final month mentioned that they had retrieved 91 tons of stolen olives in latest weeks. In February, six individuals had been arrested in southern Greece for the theft of eight tons of olive oil in a sequence of warehouse break-ins reported over a number of weeks.

Farmers primarily based across the southwestern Italian port metropolis of Bari, say robbers within the space have turn out to be more and more brazen, snatching tractors and costly gear together with olives.

The regional agricultural affiliation issued a plea for police help following stories that 100 olive timber had been destroyed or critically broken in a single incident final month.

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