Price olive oil The weather will remain cloudy until at least next June. Only then could he “start to relax” as long as spring came with rain. CEO of Deoleo (the market’s leading Spanish multinational company, which brings together brands such as Carbonell and Hojiblanca), Ignacio SilvaAt the 38th Consumer Congress, which will be held in Zaragoza until this Thursday.
The company’s CEO said weather conditions will play an important role in the price because if there is enough rain in April and May, when farmers see a rainy spring. ” Price:%s “They can start to relax.” Saying that this will be a turning point that will reduce prices, the manager said:
The harvest planned for 2024 throughout the country is 750 million kilos.“Although it is possible to reach 800 million” thanks to recent rains, Silva pointed out that since most of the olives are harvested between October and November, the total production for the course in January is already known and said: so the situation will not be very different from what we have now.” It will represent a significant increase for olive oil production, with 600 million kilos of olives harvested in 2023 compared to 1,200 million kilos harvested in 2022.
All this led to an inflationary situation that triggered production costs. Just four years ago, one tonne of oil was paid 2,200 eurosAccording to the data provided by Silva, it has now jumped up to 8 thousand euros.
Deoleo CEO takes on the role of the entire value chain of the industry “In the most difficult cost situation in its history” To limit the impact of inflation on consumers. Ignacio Silva insisted that “this situation is abnormal” and said: “The value of a ton of olive oil has tripled since 2019, but its price in the supermarket has not tripled.” “Once again we will have a harvest of over a million kilos which will allow prices to return to normal.” The Deoleo CEO also explained that although there are currently declines in olive oil consumption of up to 20%, “there is no transfer to other types of oil in Spain, where the dependence is very high.” product.”
“Deoleo is not for sale”
Deoleo’s CEO was outspoken about reports that the multinational he runs had announced to the CNMV that it was investigating the markets. “Deoleo is not for sale”he assured.