Olive oil

The global surge in inflation from the “double whammy” of pandemic-related disruption and the Russian invasion of Ukraine has punished consumers in Europe over the past two years, with one “casualty” in Greece being the country’s iconic “souvlaki”, alternatively known the world over as “gyro”. According to market watchers in the country, the price of […]

Lower demand combined with new harvest quantities end latest runaway price hikes

The cost of olive oil has increased more than two-fold since last year and is estimated to hit 25 euro per liter due to anticipated low production levels and bad weather