Year 11 | 20 November 2019 | staff@teatronaturale.com TO ENTER | TO REGISTER

International buyers shocked by olive oil prices

The most sensitive markets seem to be those that do not produce olive oil themselves, such as Japan, where news of the poor olive oil campaign is not well-known

The price of extra virgin olive oil in Spain and Italy has doubled in the course of just one year. The market listing in Jaen, Spain, has reached 3.40 €/kg, against 1.80 €/kg a year ago. In Italy, on the other hand, the wholesale price quotation in Bari is consistently above 6 €/kg, against 3 €/kg in 2014.

The new contracts for supplies of the new olive oil production campaign on international markets are obviously affected by this sudden rise in prices and buyers are apprehensive, since they do not know how to justify retail price increases to their customers.

The most sensitive markets seem to be those that do not produce olive oil themselves, such as Japan, where news of the poor olive oil campaign is not well-known. And this situation is slowing down trade.

Source: Sol&Agrifood

by S. C.
10 february 2015, Technical Area > Olive & Oil

MOST POPULAR ARTICLES