Tag: market

These days, those who enjoy Mediterranean cuisine may want to think twice before liberally pouring olive oil on their pasta, salads, and bread. Prices of this and other basic foodstuffs have been soaring recently. In the European Union, overall inflation is considered high, yet olive oil has seen a 75% increase in price since January […]

Slovenian farmers are facing a bleak harvest this year due to extreme weather conditions. The country has experienced a record-breaking drought this summer, leading to a much lower crop yield than usual. This has had a serious impact on the nation’s producers, with many expecting a lower harvest in 2023 as a result. The drought […]

The global olive oil prices is now at its highest ever, having risen by 32% since it hit a 26-year peak in May. This unprecedented increase has been caused by a combination of extreme weather conditions that have drastically reduced harvests in the main producing countries, leading to shortages and increased prices. In Spain, the […]