Olive oil prices are set to rocket following a 'disastrous' harvest in Spain and Italy

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Olive oil prices are set to rocket following a 'disastrous' harvest in Spain and Italy

Post  kelee877 on Tue Feb 23, 2016 5:09 am

Olive oil prices are set to rocket following a 'disastrous' harvest in some Mediterranean countries.
A drought in Spain and bacteria in Italy has hit olive production significantly and experts say prices in supermarkets could rise by up 20 per cent in the next few weeks.
The latest Mediterranean olive harvest will end this month and suppliers warn there is unlikely to be any let up from a worldwide shortage of olives and rising prices.


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