Title: There Is No Olive Oil Shortage
Headings: There Is No Olive Oil Shortage
There Is No Olive Oil Shortage
Content: 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. There is no evidence that olive oil is being cut with seed oils. There is no indication that a bad harvest in one country means that olive oil will be adulterated with cheaper oils in another. If there is a shortage of olive oil in Italy, olive oil companies will simply buy olive oil from other places, or they will use reserved oil from the previous year. With their brand reputations and revenue at stake, there would be no incentive to cut their products with cheaper oils. For instance, due to problems with California’s harvest, California Olive Ranch has decided to sell imported olive oil.