Supermarkets accused of exploiting shoppers over high olive oil prices

• Walter Zanre, director of Filippo Berio, has accused supermarkets of exploiting shoppers by delaying reductions in olive oil prices despite falling wholesale costs.
• Zanre stated that his company has lowered prices twice, but these savings have not been fully passed on to consumers, suggesting retailers are expanding their profit margins.
• The price of a 500ml Filippo Berio bottle increased from £3.75 in 2022 to £10.50 at the start of 2025, now standing at £7.50.
• Andrew Opie of the British Retail Consortium responded that retailers operate on tight margins and strive to pass on savings, advising consumers to compare prices.
• Initial price rises were attributed to poor harvests in Spain, the world's largest producer, though improved production forecasts for this year offer hope for more stable prices.

IN FULL

Supermarkets ‘taking the mickey’ on olive oil prices, Filippo Berio boss says