Anecdotal stuff from Italy: 5 years ago you could buy EVO for some 3 euro /lt at the supermarket, or super delicious local oil for 10/lt. This year it’s 6/lt for supermarket, and average for local oil has gone 14 - 18 - 20/lt in the last 3 years.
If olive oil didn’t spoil it would be better than real estate.
This is the best summary I could come up with:
The Nuestra Señora del Pilar cooperative, through which hundreds of Jaén olive farmers produce their oil, is the biggest factory of its kind in the world.
Cristóbal Gallego Martínez, the president of the cooperative, says that increases in fuel, electricity and fertiliser costs over the last two years have contributed to the rise in the price of olive oil.
Climate change means traditional assumptions that a poor harvest would be followed by a good one are no longer safe, particularly given that, according to a UN environment programme report, temperatures in the Mediterranean region are rising 20% faster than the global average.
Mr Gallego Martínez says that the periods of both drought and rain are becoming more pronounced and he wants the national and local governments to implement measures to compensate, such as investment in irrigation systems.
However, experts warn that this is a false economy and that lower-cost alternatives mean losing out on a product that is at the centre of the famous Mediterranean diet, which also includes vegetables, pulses and fish.
“[Virgin extra] olive oil is the best thing a human can consume in order to prevent, or even treat, cardiovascular illness,” said Fernando López-Segura, of Córdoba’s Reina Sofía hospital and co-author of an investigation into the Mediterranean diet published in The Lancet last year.
The original article contains 769 words, the summary contains 217 words. Saved 72%. I’m a bot and I’m open source!
Yeah, my local Caprabo (a modestly priced supermarket) used to have a whole aisle dedicated to olives and olive related stuff … now the locals are getting priced out of it and the aisle is just a little section
