Drought, speculation... Why the Price of Olive Oil Continues to Soar

2023-09-21T10:45:32.272Z

Highlights: In one year, the price of olive oil has increased by 130% year-on-year on world markets. On the French shelves, the increase is certainly less important, but it remains significant, according to supermarket specialist Olivier Dauvers. "On the Puget brand,. the price increased by 48% between August 2021 and July 2023," he told Le Parisien. "liquid gold" currently fits him like a glove," he said of his nickname for the French olive oil.

For more than a year, the price of olive oil has been rising significantly. Among the reasons, the climatic hazards that have affected the main

His nickname "liquid gold" currently fits him like a glove. In one year, the price of olive oil has increased by 130% year-on-year on world markets, reaching $8,900 per ton (about 8,350 euros), according to US media outlet CNBC. On the French shelves, the increase is certainly less important, but it remains significant, according to calculations by supermarket specialist Olivier Dauvers. "On the Puget brand, the price increased by 48% between August 2021 and July 2023," he told Le Parisien.

Subscribe to read more

Already a subscriber? Sign in

Source: leparis

All business articles on 2023-09-21