Olive Oil Prices Could Rise Again Due to Heat and Drought in Europe
16 Articles
16 Articles
The current heat wave, drought and fires have affected olive harvests, as well as grape wine and some vegetables across Europe. The already high prices of olive oil, for example, will therefore rise even higher, wrote the British newspaper The Guardian.
A record-breaking hot and dry summer is expected to reduce agricultural yields in southern European countries.
Oliveira burns during a forest fire in the valley of Mégara, Greece REUTERS/Louisa Gouliamaki Extreme heat, prolonged drought and forest fires have increased pressure on European agriculture, especially on the southern olive groves of the continent. Producers warn that the combination of these factors has reduced crop productivity, compromised fruit quality and high production costs, which can result in further increases in food prices such as o…
Climate disturbances have been affecting the price of the product for several years. ...
Hold on tight to your money – food will become even more expensive this fall. The culprit is the extreme European heat. – Large amounts of food are being destroyed, says economist Shon Ferguson.
"Literally, almost all of our orchards, not only in Europe, are threatened by flames or directly destroyed by fires," begins Ján Pasiar, co-owner of the online store for these products, Elia Oliva. "Unfortunately, the prices of olives and olive oil will not fall, but quite the opposite," he predicts, a situation that must be addressed...
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