"A miracle didn't happen to us, we didn't find a jug of oil": The large food marketing chains have demanded that importers and manufacturers raise olive oil prices by 25-30 percent starting in early August. The reason for the increase in prices is the lack and increase in prices of products in Europe. In addition, the Ministry of Economy canceled the customs exemption of these products.
The story behind the best olive oil in Israel || Photo: Moshe Ben Simhon
A source in the industry told Israel Hayom that "the price of olive oil has risen by 40% in the past year, mainly in Europe. There is drama in the field of olive oil. Suppliers are starting to ask for price increases and we estimate that prices are expected to rise in the coming months. These are requests of 20-35%, but that's probably not what will be approved."
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