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Barchart
Barchart
Andy Mukolo

Why are Olive Oil Prices Surging?

Olive oil is a type of oil that is extracted from olives, the fruit of the olive tree (Olea europaea). Mediterranean countries such as Spain, Italy, and Greece have traditionally been the largest consumers of olive oil due to its integral role in their cuisine. However, olive oil consumption has been steadily growing in other regions and countries worldwide, driven by increasing awareness of its health benefits and culinary versatility.

Olive oil is produced in several countries around the world, but the largest producer is Spain, which has a long history of olive cultivation and produces a wide range of olive oil varieties.

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