Climate change is driving up olive oil prices

Climate change triggers olive oil prices The impact of climate change on olive trees highlights the growing challenges that global warming poses for food production. According to data from the U.S. Department of Agriculture, benchmark retail prices rose to a record $9,000 per ton in October. Healthier cooking oil is now fetching an even higher […]

Drought in Europe triggers demand in the Middle East

“Olive oil is gold”: the drought in Europe triggers demand in the Middle East Middle Eastern producers ‘swimming in olive oil’ smell opportunity as harvests in Europe shrink due to the heat wave. Therefore, the Middle East has a new product in high demand: olive oil. In Tunisia, the price per kilo of extra virgin […]

Record olive oil prices continue to rise after the drought in Spain

Price of Olive Oil Olive oil prices continue to rise to record levels after a prolonged period of unusually dry weather in Southern Europe damaged harvests. European prices exceeded €4 per kilo for the first time in September, but have now risen to over €7 per kg due to high temperatures and a lack of […]

Not enough EVOO

Not enough EVOO in Italy The Italian olive industry fears that there is not enough EVOO to supply the market. The Italian Olive Industry Association (Assitol) has warned of the crisis situation facing the extra virgin olive oil sector due to the “catastrophic” olive oil campaign, which has been affected by drought and extreme weather […]

How Greek olive oil becomes ‘Italian’

Greek olive oil goes ‘Italian’ Greece is the second largest supplier to the Italian olive oil industry, according to an analysis of the Italian olive oil sector by the Embassy’s Office of Economic and Commercial Affairs from Greece in Milan. In 2021, more than 75% of Greek olive oil exports went to Italy in bulk. […]

Spain increases its olive oil exports to Germany by 32%

Olive oil exports to Germany In the first half of this year, Spain exported more than 13,000 tons of olive oil to Germany, representing an increase of 32% compared to the same period last year. In addition, Spain supplies 30% of all olive oils sold in Germany, compared to only 14% a decade ago. During […]

Huge drought attacks Spanish olive grove

Heat wave threatens olive oil production Italy is also experiencing its worst drought in 70 years, which is not helping the potential shortage. Now, scorching temperatures in Spain threaten olive oil. According to Travel + Leisure, an unprecedented heat wave, which has been dubbed “Zoe”, is depressing olive production. If there is no relief in […]