Unfavorable weather conditions have led to a significant decrease in olive oil production, resulting in a global price surge of 100% to 175% for extra virgin olive oil. Fernando do Rosario, President of the Copa-Cogeca Working Group on Olive Oil, has cautioned about the potential risk of fraud in the market and called for stricter administrative and criminal sanctions. He also emphasized the importance of consumer education to reduce fraud and emphasized the need for better traceability and packaging standards. Do Rosario also highlighted the competition from North Africa and the Middle East, where production costs are lower, but stressed that these imports should be seen as a temporary solution.