If you love the Spanish olive oil, but it is a price conscious consumer, so you might need to hoard. The golden droplets can become twice as expensive as they are currently. It is expected that the price that manufacturers require, will rise to 3.50 Euros per lites, and the bill is expected dealers to pass on to consumers.
Poor olive harvests
Reason for the price surge to be found in the poor harvest and the figures tell their own story. It is estimated that the last harvest will provide 800.000 tons of oil, and it is not much compared to last year’s record harvest, which resulted in 1.61 million. tonnes of oil, after the fruit had been processed. Once the main expense can quickly determine that it is half of the supply, and so is a fordobbling of the price, of course, a nearby theme, property Marbella.
But it could be worse. The Secretary General of Infaoliva (the Spanish olive oil producers), Enrique Delgado, said that the bad weather can make harvest even worse. Perhaps there will be only 600.000 tons of olive oil to the consumers.
There’s enough for everyone
Although there are indications the worst harvest since 1995, you do not need to fear that your local supermarket runs out of oil. In order to follow Enrique Delgado is 709.000 tonnes in reserve, and that is enough to cover the needs of consumers. You’ll probably just have to prepare yourself for a price increase.
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