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Olive Oil Is About to Skyrocket in Price

The last thing you want to hear about is yet another looming price spike on a popular grocery item. This one hurts more than most.

Recent Rain and Snow Not Enough to Break Italy s Drought

In Italy, Industry Experts Forecast Lower Yield, Higher Quality

Italian olive oil production for the 2022/23 crop year is expected to fall by 37 percent, to 208,000 tons. However, quality is set to increase.

Italy s Organic Food Sales More than Doubled in the Past Decade

The value of organic agricultural exports also rose by 181 percent in the same period. Wine led the way, but extra virgin olive oil was not far behind.

Olive Oil and Agri-Food Exports Rise Even as Italy Re-Enters Trade Deficit

Olive oil exports grew by 17 percent, and total agri-food exports increased by 18 percent in the first half of 2022. However, imports rose faster.

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