2024 Author: Jasmine Walkman | [email protected]. Last modified: 2023-12-16 08:29
Meteorological conditions during the year affected the olive harvest in southern Europe, which could lead to a price boom in olive oil.
Climate change in the Old Continent has led to large shortages of vegetables. In Germany, the prices of fresh salad doubled, and in one year zucchini in France jumped 5 times.
In the UK, broccoli and salads were sold in limited quantities this year, and the vagaries of the weather led to higher prices for tomatoes, peppers and aubergines.
In the past year, however, the conditions for olives were the worst. Colds and insect attacks last year prevented the flowering of olive trees, and failed to bear enough fruit in the summer.
Farms in Italy, Spain and Greece claim that the quality of the olives during the year was very poor and that no high-quality olive oil could be produced from them.
For the last year, olive oil in Spain has risen in price by 27%, and in Italy - by 21%, according to market research company IRI Information Resources. Even in Germany, where olive oil has the lowest purchase prices, it has jumped between 7% and 8% in the last year.
The increased prices of olive oil are expected to affect mostly the British. Following Britain's decision to leave the European Union and the fall of the British pound, the island's olive oil has reached values it has not reached in 10 years.
Even star chef Jamie Oliver has said he will be forced to close six of his Italian restaurants in the UK due to higher prices for olive oil and vegetables.
Konrad Bolike, head of the Artefakt project, which has been monitoring the olive harvest in Greece and Italy for years, says that from this year we will all be forced to pay up to 10% more for olive oil.
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This year in Greece they registered low yields of olives and according to forecasts this will increase the price of olive oil, at least until the next harvest is harvested, btv reports. Importers of olive oil in our country warn that olive oil on Bulgarian markets may have higher prices shortly after the New Year.
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