Olive Oil Prices to Spike as Mediterranean Drought Persists

Italian olive oil output could drop by as much as 50 percent.

The following article, written by Julie Al-Zoubi, appears on Olive Oil Times. 

Industry experts are warning that consumers will have to fork out more for olive oil, as droughts in the Mediterranean region take their toll on olive oil production. Consumers across Europe have already seen prices rise by an average of 26 percent in the last two years. Spanish consumers have felt the pinch of a massive 36-percent price rise according to research group IRI.

ontinue reading at Olive Oil Times. 

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