
The price of the Olive Oil (EVOO) is doubling. And it is not due to inflation
In the last months we have observed how the price of olive oil in its different forms has shot up. This phenomenon coincides with an episode of inflation in all Western economies, but inflation is not the cause, but the consequence. In fact, as the retail portal Maltby & Greek explains, the oil market has its own rules of operation. The price has doubled in two years Just one fact: in July 2021, the price per kilo of extra virgin olive oil (EVOO) was around €3.40 in Spain. Two years later, it is over €7.20. More than double. Apparently, one...