Sales of olive oil in Spain fell by 18%, as the local population refuses to buy this product, writes the newspaper Mundo, referring to the materials of the National Association of Industrial Packers and Processors of Edible Oils (Anierac). According to the head of the industry association, Primitovo Fernandez, the cause of the current crisis is the increase in the price of the product.
“The economic situation of households is not good and many have given up consuming olive oil because of the price increase,” he said.
As the expert notes, there are also fears in the market that the next harvest will also be bad, “although not as bad as this one.”
Earlier Mundo wrote that the Spanish Government considers critical the situation with the continuing rise in prices for olive oil, which is a basic element of the consumer basket among the population of the country. In August in a number of local supermarkets the cost of a liter bottle of first cold-pressed olive oil averaged 8.50 euros, and by the fall may reach 10 euros.