Slim pickings for olive crop in Cyprus

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Olive oil is big business in southern European Union countries. They are the source of more than 70% of the world’s olive oil, bringing export revenue of almost €1.8 billion last year.

In Spain, the world’s biggest producer, the young farmers’ association Asaja says 2014 is “another disaster” after a calamitous harvest two years ago.

Spain’s output is forecast to plunge by more than 50% with a drop of at least 60% in the southern Andalucia region. Italy, France and Portugal have also been affected.

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