date:Aug 27, 2014
It's not a good time for olive oil at the moment, prices are expected to increase sharply for two reasons. There has been a prolonged drought in Andalusia in southern Spain - the world's biggest producer of olive oil - and a blight in Puglia, the main olive-growing area in Italy. A combination of these factors is leading to shortages.
If the weather in Spain does not improve the crop is expected to be 40 per cent less than the 1.77 million-tonne harvest of 2013-14, although that was a particula