Prices Fall

Italy’s pressed olive oil output may be “below average” in 2013-14 at 450,000 tons, up from 415,500 tons the previous year, while less than supplies that topped 500,000 tons in the prior three seasons, Oil World said.

Production in Greece may fall to 157,500 tons from 357,900 tons. Tunisia’s output tumbled 64 percent from the prior season to 80,000 tons while Turkey’s supply fell 33 percent to 130,000 tons, according to the Oil World report.

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