"Severely criticised by their political opponents for neglecting their official duties, it was said that they had no thought but to live out their days in rural retirement."
Saturday, November 30, 2024
Sunday, November 17, 2024
Friday, November 15, 2024
Olive oil prices expected to nearly halve in coming months as drought ends in southern Europe
The Deoleo brands |
Extra virgin olive oil prices in Spain’s Andalusia stood at 6 euros ($6.33) per kilogram as of Nov. 6, according to Expana, an agricultural and food-focused market intelligence firm. That’s down around 19% on a monthly basis and nearly 35% off a record high of 9.2 euros in January.
Spain accounts for more than 40% of the world’s olive oil production, making it a global reference for prices. ...
Deoleo said olive oil prices should fall to around 5 euros per liter, a steep drop from highs of 9 to 10 euros, which had become the norm in Spanish supermarkets this year. ...
Kyle Holland, senior market reporter for oilseeds and oils at Expana, said most industry players were “very, very bearish” regarding the price outlook.
“The production numbers are key. For Spain, we’re looking at probably 1.3 million metric tons, compared to last season’s 670,000 to 680,000 metric tons, depending on who you speak to, so not far from double basically.”
More.
Friday, November 8, 2024
Saturday, November 2, 2024
Olive oil prices have surged, so I switched again
I paid $40 for 3 liters from De Cecco.
That's $13.33 a liter.
The origin codes for the oil in this particular can are ES (Spain) and GR (Greece).
The oil is good to April 2025.
I'm content with it.