Financial Times on Nostr: Soaring olive oil prices hurt sales of ‘liquid gold’ in Mediterranean heartland ...
Soaring olive oil prices hurt sales of ‘liquid gold’ in Mediterranean heartland
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The increase in the price of olive oil has affected the market for seed oils. The article discusses the impact of soaring olive oil prices on the Mediterranean heartland. It explores how the rise in prices has led to a decrease in sales and consumption of olive oil, as consumers switch to cheaper alternatives like seed oils. The article also mentions the effect on the olive oil industry, with farmers struggling to meet the demand due to weather conditions and pests. The supply and demand graph shows a decrease in the quantity demanded and an increase in the quantity supplied of olive oil. Two supply shifts in the olive oil market are identified: a decrease in supply due to weather conditions and pests, and an increase in supply due to the use of alternative oils. The article highlights the importance of olive oil to the Mediterranean region and the challenges faced by the industry due to rising prices.
#OliveOil #Mediterranean #PriceIncrease #SeedOils #SupplyAndDemand
https://www.ft.com/content/dfd2af23-d286-4703-8bc2-98764634fc8d
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The increase in the price of olive oil has affected the market for seed oils. The article discusses the impact of soaring olive oil prices on the Mediterranean heartland. It explores how the rise in prices has led to a decrease in sales and consumption of olive oil, as consumers switch to cheaper alternatives like seed oils. The article also mentions the effect on the olive oil industry, with farmers struggling to meet the demand due to weather conditions and pests. The supply and demand graph shows a decrease in the quantity demanded and an increase in the quantity supplied of olive oil. Two supply shifts in the olive oil market are identified: a decrease in supply due to weather conditions and pests, and an increase in supply due to the use of alternative oils. The article highlights the importance of olive oil to the Mediterranean region and the challenges faced by the industry due to rising prices.
#OliveOil #Mediterranean #PriceIncrease #SeedOils #SupplyAndDemand
https://www.ft.com/content/dfd2af23-d286-4703-8bc2-98764634fc8d