The olive oil sector in Spain expects the price rise to consolidate in 2022

The olive oil sector expects the upward trend in prices recorded in 2021 to consolidate this year, while observing with concern the increase in production costs and the drought in southern Spain. According to the Poolred information system, the average price of extra virgin olive oil in the last week has been around 3.3 euros per liter; followed by the virgin, at 3.1 euros; and the lampante, at 2.9 euros. In Jaén and Granada, the data from the Spanish Federation of Industrial Olive Oil Manufacturers (Infaoliva) are similar: the extra virgin began the year selling at 3.2 euros per liter; the virgin, at 3.1 euros; and the lampante, at 2.9 euros. They are prices clearly higher than those of a year ago, when their recovery was already noticeable after having hit bottom in mid-2020. The manager of the Interprofessional of Olive Oil, Teresa Pérez, assures Efeagro that you should not be fooled by the rise in prices from one year to the next, since the important thing is to reach levels ...