To: 130% compared to the amount paid before the start of the epidemic invasion of ukraine. So already with a 130% increase in price olive oil on many shelves. A historic rise that threatens the historically good image in which this product continues to be considered A must have in your shopping cart of the people of Malaga. This is how spokespeople of agricultural groups describe the extraordinary situation in the sector.
“We are seeing oil racks with gaskets that must be requested from cashiers.” in order to be sold. This image, which will remain on our retinas as something unusual, does not benefit the oil market in any way,” says the president of Asaja in Malaga. Baldomero Bellido. As we look to the future, “we continue with the same unknowns, because even though the harvest has been brought forward as much as possible, the reality is;“Oil yields do not match expectations”he argues.
Many farmers who decide to start harvesting ““I’m thinking of getting a better price”or at least a price that seems safe, “it’s pushing for sales in the market, and the market hasn’t decided yet, although not in large quantities yet.” long term purchases. This difference in position between those who want to sell and those who have not yet decided to buy further paralyzes and “Only small quantities of high-quality oils are sold”.
Antequera Cooperatives, Archidona, periana anyone RivalryThose living in different regions in the interior of the province agree that this low yield is due to an olive grove with a three-year hydrological deficit in terms of accumulated precipitation. “And we still don’t have a forecast that invites optimism because the Atlantic fronts haven’t even released 70 litersIn the opinion of one Axarquian producer, it is in the parts of the state that benefit most from this bad autumn in terms of rainfall,” claims, Michael Ortiz.
“We must not stop giving positive messages from the industry and giving assurances that the situation will return as the weather returns to normal. In any case, until this happens “In this campaign, we will see price differences as if we were on a roller coaster.”Asaja provincial spokesman insists.
Andrés JiménezHe usually takes his production to one of the oil factories in the region. Antequera VegaThe possibility of obtaining water from cisterns is even considered. To fatten olives in these days before harvestAs the COAG union emphasized, the rainfall announced for November was minimal.
If the annual increase is The price of extra virgin olive oil increased by 100 percent According to the records of the Ministry of Agriculture, Fisheries and Food, no one can guarantee that the trend will reverse again between July 2022 and July 2023. In fact, after that summer peak, there were new increases in the liter price. There are many brands marketing the same thing for “over ten euros” and he came less than four”.
Increase of 1 euro per liter in six weeks
The Organization of Consumers and Users (OCU) reported that in a survey of some 19 brands this summer, the average oil price rose from 8.16 euros per liter to 9.42 euros in just six weeks. He stated that some brands were selling for prices above 12 euros even before August.
OCU evaluated percolation prices from ten supermarket chains: Alcampo, Carrefour, Dia, Caprabo, El Corte Inglés, Hipercor, Eroski, Mercadona, Consum and Condis. And the only brand that reduced the price by 1 percent was Mar de Olivos. It was a very special offer. And several white spots were detected, where the increase exceeded 30% in just 45 days.
Source: Informacion
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