Olive oil has already accumulated a 130% increase and continues to rise due to the drought in Spain

At 130% compared to what was paid before the outbreak of the invasion of Ukraine. That is to say, with a 130% price increase, olive oil can now be found on many shelves. A historic increase that goes against the historically good image that this product maintained to be considered essential in the shopping basket of Malaga residents. This is how spokespersons for agricultural groups relate the extraordinary situation that exists in the sector. "We are seeing oil shelves with seals, which have to be requested from the cashiers in order to be sold. This image that will remain in our retina as something unusual does not benefit the oil market in any way," says the president of Asaja. in Malaga, Baldomero Bellido. And he adds that looking to the future "we continue with the same unknowns, because although the harvest has been brought forward as much as possible, the truth is that oil yields are not matching what was expected," he argues. Many farmers who had decided to start ...