Palestinian olive oil sector squeezed by production shortfalls
According to Palestinian Olive Oil Council Chairman Fayyad Fayyad, about 4,000 tons of local olive oil are sold annually in foreign markets through relatives, resulting in a good profit for farmers. Meanwhile, local market demand for olive oil amounts to between 10,000 and 12,000 tons a year. Average production totals 22,000 tons annually. Fayad told Al-Monitor that new markets need to be found to sell Palestinian oil at prices higher than the local market allows.
