The drought also affects the price of olive oil
The Minister of Agriculture of Spain, the world’s largest exporter of olive oil, warned that this year’s olive harvest could be in trouble.
“If there is no more rain or a drop in temperature in the coming weeks, this year’s harvest will be significantly lower than previous years. The olive sector is worried about the oil”
Luis Planas told Bloomberg.
Almost half of the world’s olive oil production comes from Spain. The fact that they can expect a bad season may further increase the price of vegetable oils, which have already been hit by the fall in Ukrainian sunflower oil production, writes Infostart following the article of The Guardian.
Related news
Agrometeorology: There is a drought in an increasingly large area
Especially in the central areas of Hungary, the drought is…
Read more >Spain removes VAT on olive oil to boost flagging industry
Following a cut to 5% from an original 10% last…
Read more >Agrometeorology: the rain was good for sunflowers and corn, but not for wheat and canola waiting to be harvested
The rainy weather of the past week was good for…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >