2023-12-09 15:06:28
Al 130% compared to what was paid before the outbreak of the invasion of ukraine. That is to say, with an increase in the price of 130% there is already the olive oil on many shelves. A historic rise that threatens the historically good image that this product maintained to be considered essential in the shopping cart of the people of Malaga. 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 l“The oil yields are not matching what was expected”he argues.
Many farmers who had decided to start harvesting “thinking about getting a better price”or at least a price that seems safe, “are pushing for sale in the market, and although they are not yet large quantities, the market is not yet decided to make long term purchases. This difference in position between those who want to sell and those who are not yet decided to buy is paralyzing even more and “Only small quantities of high quality oils are sold”.
Cooperatives of Antequera, Archidona, Periana o Competa, in different regions of the interior of the province, agree that this low yield is caused by an olive grove that has had three hydrological years of deficit in terms of accumulated rainfall. “And we still have no forecasts that invite optimism, because the Atlantic fronts have not left even 70 litersin the parts of the province that benefited the most in this poor autumn, from the point of view of rainfall,” alleges one of the Axarquian producers consulted, Miguel Ortiz.
“From the sector we must not give up on giving positive messages and reassurance that the situation will return when the weather returns to normal. In any case, until that happens “We will see price variations in this campaign as if we were on a roller coaster.”insists the Asaja provincial spokesperson.
Andres Jimenezwhich usually takes its production to one of the oil mills in the Antequera Vegathe possibility of acquiring water in cisterns is even considered for to be able to fatten the olive in these days prior to harvestingafter the rains announced for November have been minimal, as the COAG union also highlights.
If the year-on-year rise in price of extra virgin olive oil registered an increase of 100% between July 2022 and July 2023, according to the records of the Ministry of Agriculture, Fisheries and Food, no one can guarantee that the trend will reverse again. In fact, after that summer peak there have also been new increases in the cost of a liter. There are many brands that market the same “above ten euros and it came from less than four”.
Increases of 1 euro per liter within six weeks
Related news
The Organization of Consumers and Users (OCU) already reported this summer that in a matter of just six weeks, within a survey with up to 19 brands, the average price of oil went from 8.16 euros to 9.42 for each liter. And he pointed out that certain brands were selling it for over 12 euros, without having reached the month of August.
OCU evaluated the prices of extra virgin from ten supermarket chains: Alcampo, Carrefour, Dia, Caprabo, El Corte Inglés, Hipercor, Eroski, Mercadona, Consum and Condis. And there was only one brand that had lowered the price, namely Mar de Olivos, by 1%. It was a very specific offer. And several white marks were located where the increase exceeded 30% in just 45 days.
#Olive #oil #accumulated #increase #continues #rise #due #drought