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Global Olive Oil Prices Soar

March 15, 2013 by PDX Food Dude 3 Comments

olive-600pxBecause of the 2012 drought in Spain and Southern Europe, followed by an unexpected frost during olive flowering season, wholesale olive oil prices have taken a significant jump. In Spain alone, oil output is expected to drop by 40 to 50%. World production leader Andalusia is reporting the 2012 harvest to be the worst in 13 years.

According to The Olive Oil Times, prices on the international market have gone up by more than 50 percent over the last six months, with extra-virgin oil prices up by 62%.

Because of these market pressures, there is much more incentive for producers to adulterate oils, increasing fraud in the industry. This makes it even more important to buy from a store that has tastings such as New Seasons, and Pastaworks.

 

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Filed Under: Portland Food and Restaurant News and Discussion Tagged With: Food Fraud

Reader Interactions

Comments

  1. ELEANOR says

    March 15, 2013 at 9:33 pm

    how do you feel about the olive oil from Benessere?

    Reply
    • Food Dude says

      March 16, 2013 at 1:20 am

      I haven’t tried it in years. I’ll stop in next time I pass the store.

      Reply
    • Nico says

      March 17, 2013 at 10:53 pm

      +1 on Benessere. Have been getting my quality olive oils from them exclusively from them over the last few years. Interested to hear what you and others here think of their oils.

      Reply

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