A variety of olive oils are displayed at a grocery store in Waterbury, Vt. on March 26, 2021. There is a lot of confusion about which olives oils to buy and how to use them. For most of us, the world of olive oil is a bit of a mystery, and you may find yourself with an uncertainty similar to the one you feel in a wine store when you are contemplating the plethora of bottles lined up for the choosing. (AP Photo/Carolyn Lessard) Olive oil is the latest commodity to see huge price hikes as it faces extreme weather during its production.
The average price in August was 130% higher compared to the year before. Global prices for olive oil were at $8,900 per ton in September driven by extremely dry weather in the Mediterranean, according to a report by the United States Department of Agriculture.
Spain is the world’s […]
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