jordan pulse -

President of the Syndicate of Olive Press Owners, Tayseer Al-Najdawi, stated that olive oil prices are expected to stabilize next week, coinciding with rising production volumes and increased market supply alongside moderating demand.
​In a statement to Rum, Al-Najdawi explained that the price of a tin (tanakeh) of olive oil currently stands at approximately 130 JOD, projecting that it will gradually decline to levels ranging between 100 and 115 JOD as production output improves in the coming period.
​He noted that the olive pressing season officially began two days ago amid strong consumer demand for olive oil, at a time when market supply remains relatively limited—a dynamic currently reflected in elevated retail prices. Al-Najdawi added that higher pressing volumes and greater market availability are expected to restore price stability over the coming days.
​Source: Rum News Agency