Greece importing olive oil from Germany

Data released by the Hellenic Statistical Authority (ELSTAT) suggested that Greece imported 1.5 million euros? worth of olive oil — once a staple of its agricultural production — from Germany in 2010, Skai reported on Thursday, adding that the General Confederation of Greek Agrarian Associations (GCGAA) believes that much of this oil came from Greece to begin with.

GCGAA member Giorgos Goniotakis said the reason for the high level of imports was that domestic olive oil production has slumped below demand due to the drop in price.