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Get Ready — This Essential Kitchen Ingredient Might Soon Cost You More

November 13, 2023 Olive oil and olive prices are going up because of the weather crisis in the southern part of Europe, an issue that has been ongoing since

Why olive oil is so expensive right now

There is something different lately about the olive oil Michelle Spangler buys, bottles and infuses with flavors such as basil and blood orange for her store in Dallas. It’s not

Why olive oil is so expensive right now

Why olive oil is so expensive right now
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The Current Reasons Behind the High Cost of Olive Oil

Recent times have seen a noticeable change in the olive oil that Michelle Spangler purchases, blends, and infuses with flavors for her Dallas store. It's not the quality of the product that has changed but its price. Global olive oil prices have surged to record levels, more than doubling over the past year.While Ms. Spangler has a pricing agreement with her supplier to mitigate rapid cost increases, she still anticipates a 20% rise in expenses. As a result, she is planning to increase prices by 10 to 15% at her store, Infused Oils & Vinegars, early next year.

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