Reuters’s extensive report on Greek producers olive oil As the duties of Donald Trump They make them look for new markets.
Reuters spoke with Greek producers of olive oil, who, after Donald Trump’s duties, went into the process of finding alternative markets in other parts of the world.
“Greek producer olive oil Konstantinos Papadopoulos did not waste much time when President Donald Trump threatened with US duties in the spring. He immediately began looking for alternative buyers around the world.
Within a few weeks, his family company had found a new buyer in Brazil, where Portuguese olive oil usually dominates. Its first cargo of 15,000 bottles is expected to arrive at the port of Itapoa in two weeks, “Reuters reports.
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 in a market … and always have alternatives,” Papadopoulos told the mill and its oil oil, surrounded by thousands of bottles and huge tanks.
Trump announced 30% duties to European products that caused chills in industries from wine and peaches to cars. Papadopoulos’s decision shows how wide the effects can be, as producers are even tired of duty threats.
Greece, the fifth largest exporter of olive oil in the United States, sends about 8,000-10,000 tonnes there per year. Three of the other top producers – Spain, Italy and Portugal – are in Europe and face the same riddle.
The industry is huge for Greece, whose hills are filled with olive groves from ancient, crooked olive trees.
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 built all our infrastructure based on a large scale on the US market, we suddenly see it disappear,” Papadopoulos said.