Write For Us

Why is extra virgin olive oil so expensive now?

Sponsored Post Vitamin D2 Canada Persia
35 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
The price for extra virgin olive oil (EVOO) at the grocery store has skyrocketed in recent months, and experts say are blaming low supply from poor harvests.

Sylvain Charlebois, a professor of food distribution at Dalhousie University, told Global News that the price rose 15.2 per cent between January and late March, according to his data. The average cost of a one-litre bottle of EVOO is now $16, compared to $14 in January.

“Prices right now are skyrocketing,” Charlebois said. “Some of these changes (in prices) are pretty massive.”

He blamed the price increase on low supply due to climate change, which has created huge droughts across Europe over the past three years that have been “devastating” for crops.

Global’s Naomi Barghiel has more.

For more info, please go to https://globalnews.ca/news/10392203/olive-oil-price-expensive/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB

#GlobalNews #OliveOil #Prices
Category
U.S. & Canada
Tags
global news, olive oil, olive oil prices
Sign in or sign up to post comments.
Be the first to comment