Title: There Is No Olive Oil Shortage
Headings: There Is No Olive Oil Shortage
There Is No Olive Oil Shortage
Content: Production typically moves through a biennial cycle with low yield years offset by high ones. Farmers will often employ specific techniques to mitigate these swings and ensure that they are able to produce consistently. European and North American brands alike import oils from multiple countries. Many brands found in supermarkets are blended from olive oil from more than one country. ( Pro tip, check the label on the back of the bottle to see where you olive oil comes from). Olive oil companies will simply buy from other countries with greater availability and better pricing. This is a common practice throughout the industry. Olive Oil pricing is stable. Unless you are seeking a very specific olive oil from late 2018 / early 2019 that was produced in Italy, Tunisia, Greece or California, it is highly unlikely that your price per bottle will be impacted significantly--if at all. Olive oil prices in the supermarket do not correlate to the ups and downs in the price of olive oil as a commodity.