El Presidente Posted July 17, 2023 Posted July 17, 2023 Those of us who love quality olive oil have no doubt noticed the price increases. It isn't likely to get back to normal anytime soon. Olive oil industry in crisis as Europe’s heatwave threatens another harvest World’s biggest olive producer, Spain, on course for second bad harvest in a row, raising fears of gaps on shelves and even higher prices The olive oil industry is “in crisis”, and the heatwave in southern Europe is threatening to inflict the second bad harvest in a row and gaps on shelves this autumn. After a spring heatwave affected flowering in Spain, which produces about half of the global olive crop, the harvest was forecast to be only 28% up on last year, which was the worst in almost a decade. The International Olive Oil Council predicted that the country would produce 850,000 tonnes, compared with 1.3m tonnes in a typical year and just 660,000 last year. That forecast was issued before the current period of high temperatures. The industry fears that production could end up being even worse as a second heatwave in a week brings temperatures of up to 43C this week to some southern parts of Spain, prompting trees to drop unripe fruits in order to preserve moisture. Olive growing regional temeratures today.
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