Olive oil sales in Russia fell by almost a quarter

In the first half of this year, olive oil sales fell by 22.8 percent in kind. This was reported by the Shopper`s portal with reference to the research company NTech. The total share of the product in the structure of trade in all vegetable oils decreased from 2.1 to 1.6 percent. In just eight months, product sales fell by 15 percent compared to the same period last year. Problems were observed back in 2023, when sales fell by 15-20 percent. The decrease in demand for olive oil was also confirmed by a representative of the importer company of this product, Olivia. According to him, not only distributors, but also restaurants and stores began to make fewer orders for this product. The source named the "unprecedented rise in prices" for the product in the past and current years as the main reason for this. At the same time, in monetary terms, Russian sales of olive oil, on the contrary, increased by 13.7 percent. Thus, it became 12 times more expensive than sunflower oil. The Oil and ...