oliveoil
The pandemic, soaring interest rates and geopolitical conflicts have resulted in the price of many UK food staples, including olive oil, baked beans and granulated white sugar, rising dramatically. A new study has outlined where prices could go over the next few years. Which products are expected to be most expensive by 2030?According to the online shopping platform BravoVoucher, by 2030, olive oil is expected to be one of the most impacted products. Its price has risen by 113.8% between 2019 and 2024 (to £8.04 by March 2024) for a 500ml 1 litre bottle. Now, BravoVoucher estimates that if infl...
Euronews (English)
Spain is to temporarily abolish the sales tax on olive oil to help consumers cope with soaring prices, the Spanish government has said. Spain is the world's leading producer and exporter of olive oil, but its cost for domestic consumers has risen dramatically because of continuing inflation and a prolonged drought that has decimated supplies. Prices have also risen sharply elsewhere in the Mediterranean. The price of olive oil has shot up by 272% since September 2020, according to Spain's agriculture ministry. A five-litre bottle of olive oil from a Spanish supermarket can cost more than €50. ...
Euronews (English)
The lack of rainfall is putting livestock farmers and agricultural producers, vital to Sicily's economy, in a difficult position. “The scarcity of water has compromised the animals' ability to find the necessary water for their daily needs,” says Donatella Vanadia, a vet and owner of an agricultural company. “Farms that have purchased water, along with collective expenses, not only face increased production costs but also expenses for the water supply for the animals. As a result, the physiological conditions of the animals themselves are being jeopardised by this catastrophe.” Animal feed has...
Euronews (English)
The cost of olive oil rose by 113.8% between March 2019 to March 2024, with rises for baked beans and sugar climbing too, according to a study BravoVoucher.co.uk, using data from the Office for National Statistics. The UK and other parts of Europe have been hit hard by the rise in the cost of living but countries such as Zimbabwe, Argentina, Venezuela, Haiti and Lebanon have also seen their costs rising sharply. Which food items have gone up the most in the past five years?According to the study, a 500ml to 1 litre bottles has gone up from around £3.76 (€4.41) on average in March 2019 to appro...
Euronews (English)
Greek consumers are currently paying more than ever before for a litre of standard olive oil, with prices ranging between €12 and €15 ($12.88-$16.11). In March, prices had risen by 67.2% compared with the same month last year, according to the statistics authority Elstat on Wednesday. Greeks consume around 12 litres per capita per year, the largest average amount in the EU. A dramatically poor harvest in the 2022-23 season is to blame for the price explosion. Spain, the world's largest producer, saw its yield plummet by more than half, while things were not much better in Italy and Greece. Oli...
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