Biotech
Olive Oil Market Enters New Phase
The world's largest olive oil company confirms big changes are happening in the market.
Big changes are coming to the olive oil market. The world's largest olive oil company, Deoleo, says the market has entered a new phase. This means prices could swing a lot from one year to the next.
Europe grows a lot of the world's olives. But hot weather in places like Spain hurts olive crops. This makes it harder to get enough olive oil. Experts worry about how much olive oil will be available each season.
This shift means shoppers might see olive oil prices change more often. It also means companies need to find new ways to get olives. They must deal with a future where harvests are less predictable.
Source: CNBC
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