Good news for consumers: the price of one of the expensive products could sharplydropping soon

On the background of rapid prices for many foods consumers are expected and good news. The price of olive oil is likely to fall sharply because in Spain, which is the world’s largest producer of olive oil, last year was a very good harvest, and this year could be

even better. Production of olive oil in the Cooperative Sollio Agriculture in Spain. Photo: Clara Margais

With the background of rapid rises in prices for many foods consumers are waiting and good news. The price of olive oil is likely to fall sharply because in Spain, which is the world’s largest producer of olive oil, last year was very good, and

this year could be even better.

From the end of 2023 year the wholesale price of olive oil has doubled . In Andalusia – one of the most important regions in Spain for the growing of olives – for the first time after a three-year interruption has had a good harvest, and the crop this summer could be even better.

“Thanks to thick rains in November the 2025 year crop will be even better. – said the manager of Virgen del Carmen Miguel Gasca Maseo to journalist HelsinginSanomat.–Butourcooperativewillproduceonlytenpercentmoreoliveoilthanin2023year.”

CarmenMiguelGascaGaskaMaceoMaceotothe2023.

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