Good news for consumers. The price drop in the origin of olive oil has finally begun to move to supermarkets. From this week, the liter of extra virgin olive oil can be purchased for the first time in years Below five euros.
Farmers began to lower the price of oil they sold to package last October, when weather models began to indicate that autumn and winter would be much longer than the previous years.
However, Those sales took a long time to reach the final consumerwhich gave rise to huge criticisms of the distribution chains, which was accused of taking advantage of those prices oscillations to increase their profit margins. Now, finally, that effect has reached the shopping basket.
This descent has been noticing in the production chain for months. Santiago López, owner of Olibher olives, explains the importance of the climate factor in this cheaper: “Now, in the next roughness that you ask, it is cheaper for me for the theme of the rains. The weather has changed a lot and there is much more olive production“.
But it is not only an environmental factor. Inflation That he hit the economy so much with the outbreak of the war in Ukraine has broken down in recent months, promoting the price drop: “The issue of the cost of energy has stabilized, because there was a time that rose a lot and the oil increased.”
This gives a great relief for consumers who saw how the liter of oil exceeded ten euros. Now it costs less than half a couple of years ago. “The price of olive oil has finally dropped, and it is appreciated“A consumer says after making the purchase.
This drop has accentuated especially since March, when the liter stood at 6.15 euros. In just two months, it has dropped a euro and thirty cents, which is an unprecedented fall that gives a respite to those who could not assume the price of a product that was called as the ‘liquid gold’.
