US President Donald Trump’s duties They force Greek producers olive oil To look for new markets, Reuters reports in today’s report. According to the agency, Greek producer Olive oil Konstantinos Papadopoulos did not waste much time when Trump threatened with duty and immediately began looking for alternative markets around the world.
Within a few weeks, his family business found a new buyer in Brazil, where Portuguese olive oil usually dominates. Its first cargo of 15,000 bottles is expected to reach the port of Itapoa in two weeks. When Reuters visited his farm on Friday, Papadopoulos was close to closing a separate deal with a new customer in Australia.
“I think we took a lesson from Trump not to rely on all our might on a market … and always have alternatives,” Papadopoulos told the mill and the olive oil bottling factory surrounded by thousands of bottles of gold and huge glows.
It is recalled that Trump announced 30% duties on European products that caused reflection on industries from wine and peaches to cars. Reuters notes that Papadopoulos’ decision shows how wide the impact can be, as producers are even concerned about duty threats.
Greece, the fifth largest olive oil exporter to USAsends about 8,000-10,000 tonnes a year to the country. Three of the other top producers – Spain, Italy and Portugal – are also in Europe and have the same reflection.
The industry is huge for Greece, which is full of olive groves, Reuters notes.
The Papadopoulos family company exported 350 tonnes of extremely virgin olive oil in 2024 to the US, about one -third of its total exports, and 100 tonnes so far this year. He estimates that if Trump’s duty is implemented, sales to the US will be reduced by about 40% this year. “While we had made all our infrastructure based on a large scale on the US market, we suddenly see them disappear,” Papadopoulos said.
Source: Skai
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