**Greek Imports of Groundnut Oil Surge Amid Drought**
**Greece’s Groundnut Oil Demand Rises as Domestic Production Falters**
* Greek imports of groundnut oil rose 12% in June compared to the same month last year.
* The increase is largely attributed to a drought affecting domestic peanut yields, leading to higher prices and reduced supply.
* Greece imported approximately 5,000 metric tons of groundnut oil during the month.
Greece’s groundnut oil imports have been driven by a combination of factors, including a severe drought that has impacted domestic production. As domestic peanut yields decline, Greek consumers are increasingly reliant on international suppliers to meet their demand for the edible oil. Market trends suggest prices for groundnut oil will remain elevated in the short term, with importers adjusting to the new supply dynamics.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 672 | 2,810 |
| 2021 | 237 | 1,041 |
| 2022 | 1,740 | 8,178 |
| 2023 | 7,461 | 36,605 |
| 2024 | 201 | 848 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| France | 200 | 818 |
| Germany | 1 | 30 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Belgium | 5,720 | 29,477 |
| Germany | 900 | 3,659 |
| France | 800 | 3,272 |
| Netherlands | 41 | 197 |
