2024-04-01 23:09:03
On the eve of Passover, Israelis faced an unexpected shortage of olive oil, which caused a sharp rise in prices for this product. The country’s supermarkets suddenly found themselves without the usual supply of butter on their shelves, and shoppers were forced to face the reality of higher prices.
IsraelInfo writes about this.
According to a correspondent for The Marker, the reason for this shortage was the lack of government attention to the development of the olive oil industry. Israeli farmers have accused the Finance Ministry of inaction, arguing that promised financial support never arrived, weakening their position in the market and forcing them to look for more profitable alternatives.
Due to the lack of government support, many farmers have decided to reduce olive oil production, and some have even switched to more profitable crops such as avocados and mangoes. This led to a reduction in olive oil production in the country and, as a result, to a shortage in the market.
In addition to internal factors, external factors also had an impact on the situation. Fires in leading olive oil producing countries such as Spain, Italy and Greece have caused a significant increase in prices for this product.
In addition, military operations in northern Israel also affected the situation. Olive groves located in the area of fire from Hezbollah were damaged, which further aggravated the situation in the market.
Overall, the shortage of olive oil in Israel is the result of a combination of internal and external factors, as well as insufficient government attention to the development of the agricultural sector. Buyers are forced to pay a high price for product shortages, which reflects the current economic situation and the need for appropriate measures by the authorities to prevent similar crises in the future.
Earlier, Kursor reported that the Ministry of Health urgently warned Israelis against purchasing the popular oil. The Ministry of Health suspects that the olive oil is counterfeit.
2024-04-01 23:09:03