By Ginés Donaire (
El Pais
)
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Liquid gold prices are breaking all records.
That of extra virgin olive oil – of superior quality – exceeds six euros per kilo at source, an increase of 40% compared to last year and a price doubled compared to that of the end of 2019 This increase is explained by the extraordinarily low harvest this year – down around 50% on average –, by the extreme drought of recent months as well as by the impact on prices of the increase in producer costs, due to inflation.
If the market supply does not seem threatened for the moment, consumption will indeed suffer from the drop in the volume of products placed on the market.
"
The market regulates itself, and obviously if there is less oil, prices will rise accordingly
," says Antonio Luque, president of the Dcoop cooperative, the world's largest producer of olive oil. extra virgin olive.
Luque predicts that the…
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