Olive oil, specifically extra virgin olive oil (EVOO), is having a moment. Despite premium prices, scores of new brands have emerged over the past couple of years, presenting more choice when shopping for the best olive oils.
Despite olive oil production recovering quite significantly since a string of poor harvests in 2022 and 2023, heatwaves and droughts continue to have an impact, making it an expensive commodity amid increasing demand. In the UK, virtually all olive oil is imported, which means that domestic prices are highly sensitive to reduced harvests in primary producing nations like Spain, Italy, and Greece.
