Those responsible for the incident agricultural organizations they were lamenting in the last months of the year bad results that would throw olive campaign this year due to the bad situation he is in. olive trees due to drought, which resulted in a reduction of the harvest by about 50%. However, this decrease in production good prices paid for extra virgin olive oil.
This statement is verified by analysis. agricultural product price data that week offers Ministry of Agriculture, 60.55% increase of the price Between January and December, a kilo of extra virgin olive oil, however, the improvement in the first nine months was not as pronounced as in the last quarter, when the product became 31.25% more expensive. The organic increase was 46.4% in the January-December period and 18% in the October-December period.
In detail, data from the Andalusian Ministry of Agriculture shows that the price per kilo of extra virgin olive oil in the first week of the year. January 2022 was 3.27 euros. And in last december (day 19, no data available since this week) was trading in: 5.25 euros. The four-euro hurdle was not overcome by EVOO from Cordoba until early October, when it reached the aforementioned price of four euros. From then until December, when the increase in prices is more, because the increase was from week to week.
In this way, it had already risen 75 cents at the beginning of November and has already entered December by over five euros. To be specific, it was trading at 5.15 on 12 December and reached a record price of 5.25 euros per kilo on the 19th of the same month.
in relation to ecological, Although the difference in value was not as great as infiltration, evolution has also been significant, because never fell below 4 Euros at any time of the year. Specifically, it started to be paid at 4.03 euros per kilo in January and was closer to 6 euros in the last week. (5.90 out of 19).
In addition, organic extra virgin olive oil prices experienced the fastest increase in the last quarter, with an increase of 57 cents per kilo between January and September, and an increase of 1.30 euros between September and December.
The arrival of the rains and the subsequent recovery of the next harvest may herald a drop in prices, although this is not seen anytime soon. The high price paid for extra virgin olive oil is, as some experts in the field have pointed out, double sided weapon, economic abundance it can bring to producers, barrier for the consumerr may view the product as inaccessible and result in refer to other oilslike sunflowers, with the challenges that might entail getting him back as a customer later on.
Source: Informacion
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