Guide Posts
What kinds of issues and challenges are rising?
Olive Oil
Spain
By Jinwoo Cheon
Updated Sep 21, 2021
Spain is currently experiencing a low supply of extra virgin olive oil consequently, the price of Spanish olive oil keeps on increasing.
The price of Spanish olive oil keeps increasing due to the low supply of extra virgin olive oil. Prices of Portuguese and Turkish olive oil are also attractive, but nothing is cheaper than Spanish olive oil. Despite US setting import tariffs on EU products starting July 2020, there is no change in demand in the US after the tariff barrier, but the suppliers expect less production this year.
