Drop in food production this year
2011-10-05 14:16:30
Food production in Greece is showing a decline in 2011 for the third year in succession, according to data compiled by the Hellenic Statistical Authority.
Changes in local food production reflect households’ adjustments to the financial crisis, as well as the expanding exporting activity of the sector’s industries.
Food production fell 2.9 percent in the year’s first seven months, having also shrunk by 1.7 percent in January-July 2010 compared to 2009.
Processed milk production dropped 5.8 percent, butter and other spreads declined by 13.2 percent, while ice-cream production suffered a 21.3 percent meltdown.
By contrast, extra-virgin olive oil production rose 24.5 percent.