Olive Oil Prices Rise with Reduction in Supply

Olive oil prices have risen 80 eurocents when compared to last year. On average, a kilo of olive oil is selling for €2.51 at olive oil mills. Supply in Spain (the largest olive oil producer) is much lower than in previous years. At present, Spain has about 398,000 tons of olive oil juice in storage, whereas at this time last year there was 819,700 tons of olive oil juice in storage.

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