Olives can become very expensive in Europe

Drought and extreme heat in recent years, especially last year, have caused a lot of damage to olive producers in most parts of Europe. Due to the extreme weather, there was much less harvest, and this results in reduced stocks, Roadster reports. Among the largest olive oil producing and exporting countries, Italy, Greece, Spain and Portugal also confirmed that farmers can produce significantly less olive oil. According to some estimates, Italians will produce 37 percent less olive oil in the 2022-2023 season than the previous year. According to known data, there may be a shortage of around four thousand tons worldwide, so they will be able to produce around twenty percent less olive oil. This could mean a 30-50 percent increase in prices in the near future. Drought and heat have a negative effect not only on the quantity of olives, but also on their quality. The farmland, that is, the environment in which the olive tree is grown, is also extremely important from the point of view ...