World: Olive oil increased its price on average by 80% in the international market in 2023

During 2023 the only oil that increased its price, on average more than 80%, was olive oil, the rest, all of them, decreased in price between 20 and 30%, and shortly the rest will increase, and will fall the price of olive oils. This is one of the conclusions resulting from the online round table “The international market for animal fats and vegetable oils: Supply, demand and prices”, held on the occasion of the World Olive Oil Exhibition, the world's leading fair dedicated to olive oil. olive that brings together the largest operators in the international trade of this wonderful product, uniting producers and consumers, on February 26 and 27. During the event, it was recalled that around 250 million tons of oils and fats are produced on the planet, of which 30% is palm, 23% is soy and 9% is sunflower, and 18% is animal fat, among others. olive oils, which this year do not even represent 1% of animal and vegetable fats, for the first time in history. Of these 250 million oils and ...