Olive oil in the EU has risen in price by 50% over the year

Published Mar 3, 2024

Tridge summary

The price of olive oil surged significantly in the latter half of last year, peaking at a 51% increase in November compared to the same period in 2022. This trend has persisted into the current year, with all EU countries experiencing a rise in olive oil prices. Portugal, Greece, and Spain saw the largest annual price increases at 69%, 67%, and 63% respectively, while the smallest increases were recorded in Romania (13%), Ireland (16%), and the Netherlands (18%).

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moreover, the cost of olive oil jumped in the second half of last year: in August they rose by 37% compared to the same period in 2022, Interfax reports. Last September this trend accelerated to 44%, in October to 50% and in November to 51%. Some slowdown appeared in December, when prices were 47% higher than in December 2022. In January of this year, all EU countries announced an increase in prices for olive oil. The largest annual price jump was recorded in ...

Source: RG