Sunflower oil is ahead of olive oil in the Spanish market

Published 2024년 8월 26일

Tridge summary

Spain's largest olive oil producer has reported a significant shift in cooking oil preferences, with sunflower oil overtaking olive oil as the most popular choice in the country. This change, attributed to the rising costs of olive oil due to reduced harvests, saw Spanish consumers purchase 107 million liters of olive oil versus 179 million liters of sunflower oil in the first half of 2024. The price of olive oil has surged by 50% compared to 2022, while sunflower oil prices have remained relatively stable. This shift challenges Spain's identity as a leading olive oil producer and highlights the financial strain on households caused by the escalating costs of the staple oil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sunflower oil has dethroned olive oil as king of the kitchen in Spain. The news has left many in the world’s largest olive oil producer shocked, as rising prices force consumers to switch to cheaper options. Spaniards bought 107 million litres (28.3 million gallons) of all types of olive oil in the first half of 2024 compared to 179 million litres of sunflower oil, according to Spain‘s biggest olive oil bottling association, Anierac. Until this year, olive oil has been the most popular cooking oil in Spanish households, accounting for 62% of sales by volume in 2023 while sunflower oil represented almost 34%, according to the Ministry of Agriculture. “It is clear that olive oil consumption is falling in Spain,” said Primitivo Fernandez, spokesman for Anierac. “There are households that used to buy only olive oil and for the first time are now buying sunflower oil and olive oil,” he said. Olive oil sales by volume fell 18% from the first half of 2023, Anierac said. Sunflower oil ...

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