Critical day for olive purchase prices at Marmarabirlik

Marmarabirlik is set to finalize its olive purchase prices at a meeting on Monday, a decision that will directly set the floor for growers' income this season. The cooperative has received preliminary declarations totaling a record 105,000 tons, while overall production in Bursa and Balıkesir is projected at 400,000 tons for the season. The record crop raises the stakes for the pricing decision, since a larger supply could pressure prices if the cooperative does not absorb enough volume. Growers and traders will be watching Monday's outcome for the price level and any quota or purchase conditions attached to it.