For Spanish consumers, so-called green gold is a driver of inflation. For producers, it is both an opportunity and a challenge as they have to grow production and sales.
Depending on the region, the end product is radically different, and the trees here are mostly local varieties, especially if you look for small scale producers, that run their olives through cooperative mills.
What is running prices high this year is mostly speculation.
In 2017/18/19/20, the oil per kilo ratio was somewhere between 1L/12-14kg of fruit. Producer prices were levelled at €5/L, for over a decade.
This year, the ratio is down by 1L/8-10kg of fruit. Prices sky rocket. Labour price hasn’t changed in years (€50/day hand, €150/hour for fully mechanized picking).
Where have you tasted portuguese olive oil?
Depending on the region, the end product is radically different, and the trees here are mostly local varieties, especially if you look for small scale producers, that run their olives through cooperative mills.
What is running prices high this year is mostly speculation.
In 2017/18/19/20, the oil per kilo ratio was somewhere between 1L/12-14kg of fruit. Producer prices were levelled at €5/L, for over a decade.
This year, the ratio is down by 1L/8-10kg of fruit. Prices sky rocket. Labour price hasn’t changed in years (€50/day hand, €150/hour for fully mechanized picking).
If this isn’t speculation, nothing is.