are on, so let s get started. time now to focus on the top business stories. i m sally bundock and we begin in turkey where, as you ve been hearing, most ballots are counted in this crucial general election and there does not appear to be a clear winner. official figures indicate that president recep tayyip erdogan has fallen short of of the crucial 50% of the vote. his secular opposition rival, kemal kilicdaroglu, is on around 45%, with a run off contest in two weeks time looking likely. turkey has been grappling with a cost of living crisis with inflation running at 44%, a key factor in turkish sentiment right now. let s talk to our reporter in ankara victoria craig who has spent much of the night at the headquarters of mr kilicdaroglu. good to see you. first of all, talk us through the feeling, the sentiment among those who are supporting the opposition. it was very, very long night for anyone who was keeping track of what was happening in turkey. i didn t get home
which produced just half of its normal crop at the last harvest due to a combination of heatwaves and water shortages. the wholesale price of extra virgin olive oil from spain s andalusia region has more than doubled in a year to 8.20 euros per litre. let s speak now to alvaro diaz de lope, managing director at dcoop, spain s leading olive cooperative. welcome. thank you for being with us. tell us about the summary for olive farmers in andalusia and the problems they are having. andalusia and the problems they are having- are having. good morning. as ou are having. good morning. as you mentioned, are having. good morning. as you mentioned, we are having. good morning. as you mentioned, we are - are having. good morning. as| you mentioned, we are having are having. good morning. as. you mentioned, we are having a severe drought and a lot of heatwaves lately. mainly in spain, spain accounts for approximately 50% of the global olive oil production worldwide, and this drought is now f
temperatures have unleashed fears of an olive catastrophe in spain, the world s largest producer of olive oil. spain normally produces more than a million tons of olive oil a year, according to the united nations food and agriculture organization. other countries like italy and greece make significantly less, around 300,000 tons each annually. the global price of the oil is now almost $6,000 dollars per metric ton, according to data from the international monetary fund. live now to alvaro diaz de lope, managing director of dcoop, spain s leading olive cooperative. i won welcome to the programme. i won welcome to the programme. i have been reading and hearing about the problem with the olive crop across spain. what is happening this year?- is happening this year? good morning- is happening this year? good morning. yes, is happening this year? good morning. yes, as is happening this year? good morning. yes, as you - is happening this year? good morning. yes, as you said, l is ha