Olive oil prices skyrocket ...News

Russia Today - Economy
Olive oil prices skyrocket
source : Russia Today ( News ) () 43
Extremely dry weather in the Mediterranean is blamed for the spike Global olive oil prices hit record highs in September, topping $8,900 per ton as a result of severe droughts in major producing countries, according to this week's report by the US Department of Agriculture (USDA). Prices have risen steadily since the extent of the damage to the harvest became apparent, it said, noting that the average price in August was 130% higher than the year before. Prices last month quickly surpassed the previous record of $6,242 per ton set in 1996 “with no sign of easing,” the USDA report said. Prices of olive oil in Andal

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