EU OLIVE OIL INDUSTRY FACING UP TO GLOBAL PRICE FALLS
January 1st, 2012
BY ALAN OSBORN
OLIVE oil growers in the European Union (EU) are currently facing an increasingly frustrating situation: while demand is growing internationally and harvests have been unusually good in recent years, prices are falling at a rapid rate, threatening the livelihood of the thousands of farmers in the main growing countries.
Looking at the price of extra virgin olive oil, for example, this category has seen a drop of 11 % in Spain; 5% in Greece; and 18% in Italy in the year between December 2010 and December 2011, according to the Madrid-based ...
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