olive oil Archives - Inflation Watch https://inflationwatch.drduru.com/tag/olive-oil/ Watching for inflation here, there and everywhere Mon, 28 May 2012 05:20:43 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://i0.wp.com/inflationwatch.drduru.com/wp-content/uploads/2025/07/cropped-new-hp-money-printing-plates.png-1.webp?fit=32%2C32&ssl=1 olive oil Archives - Inflation Watch https://inflationwatch.drduru.com/tag/olive-oil/ 32 32 246324047 Olive oil prices continue to drop https://inflationwatch.drduru.com/olive-oil-prices-continue-to-drop-5/?utm_source=rss&utm_medium=rss&utm_campaign=olive-oil-prices-continue-to-drop-5 Mon, 28 May 2012 05:20:43 +0000 http://inflationwatch.wordpress.com/?p=2083 In January of this year, olive oil prices fell to 2009 levels. Four months later, prices have fallen to ten year lows. Consumption has plummeted in olive oil producing nations Greece, Spain, and Italy, together responsible for 70% of the world’s production. In parallel, a supply glut has hit the market due to a bumper […]

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]]> In January of this year, olive oil prices fell to 2009 levels. Four months later, prices have fallen to ten year lows. Consumption has plummeted in olive oil producing nations Greece, Spain, and Italy, together responsible for 70% of the world’s production. In parallel, a supply glut has hit the market due to a bumper crop in Spain. Meanwhile, struggling consumers have substituted cheaper oil like sunflower oil.

This price drop has put additional pressures on some of Europe’s poorest regions.

For more details see “Europe’s (olive) oil crisis“

 

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