The drought also affects the price of olive oil

“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.