France's olive tree population is facing a severe water deficit, with rainfall deficits ranging from 25% to 75% since September, affecting regions such as Gard, Var, and the Pyrenees Orientales. This is part of a larger issue across the European Union, with Spain and Italy experiencing significant drops in production. The 2022-2023 harvest is projected to be catastrophic, leading to a 41.9% decrease in European olive oil stocks. The price of olive oil has already increased by an average of 30% since January 2022 due to increased costs of energy, fertilizers, and transport, with further increases expected as the water deficit threatens to reduce future harvests.