Olive oil price: +130% in a year, drought and raw materials hit.

Due to drought, rising raw materials and falling production prices are rising sharply.

Sangaspano limits the increases and keeps the price per liter of organic oil among the most competitive on the market.

The U.S. Department of Agriculture: A recent study shows that olive oil prices have increased by 130% in the last year. And how in September 2023 they scored a record $ 8,900 per ton. The previous high was in 1996 at $ 6,242 a tonne.

Liquid gold can get as nervous as black gold . Olive oil, deserving the nickname liquid gold, has become the latest commodity at the center of worrying price increases.

Thanks to the drought in the Mediterranean that has damaged crops, from Spain to Italy and Greece, as well as cuts to the eport

The Department of Washington, has estimated that the global production of olive oil is reduced to one-fourth in the entire period 2022-2023, to 2.5 million tons over the previous year and that the average of the past five years. And he also predicted pressures in the period 2023-2024, which may continue to exacerbate price spirals.

In this context, our farm has strongly limited the increase in prices, preferring not to download the increases on our customers. The prices per liter of our certified organic etr