The drought in Spain has led to record prices for olive oil in the country, with Tiktokers in northern European countries documenting the stark price difference. Despite being the world's largest olive oil producer, Spain has higher prices than countries like Ireland and the UK, where olive oil is less commonly used. The drought and reduced olive harvest have resulted in a 45% price increase compared to the previous year in Spain, while countries with lower olive oil turnover can still sell bottles at lower prices due to buying them at cheaper rates earlier in the year.