Business Rising Olive Oil Prices Do Not Slow Consumption in Europe

mercoledì 27 luglio 2022

 

 

→   Business Rising Olive Oil Prices Do Not Slow Consumption in Europe (Olive Oil Times) 

 

Despite the steady rise of olive oil prices in the European Union, the latest data from the bloc’s short-term agricultural outlook report indicate that consumption also continues to rise...

According to the report, the 2021/22 crop year is set to finish with an 11-percent increase in olive oil consumption in the bloc’s main producing countries. In the other E.U. member states, consumption is expected to remain at the same levels as in previous years...

In the next few months, the commission expects olive oil prices to remain high due to a combination of continued economic uncertainty in the sector paired with a dip in production in 2022...