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Price of olive oil expected to rise again as European crops feel the heat
['Sarah Butler']
The Guardian
Farmers across Europe are warning of a slump in food production and rising prices as crops from maize to salads suffer as a result of extreme heat, drought and wildfires.
Olive groves have also been hit as the climate crisis drives temperatures across the continent to fresh record highs, meaning the cost of olive oil – already at elevated levels – is expected to start rising again.
Olive oil producers said they expected another surge in prices this year as growers struggled with a combination of extreme heat, drought and, in some cases, fires.
Sarah Vachon, founder of the Citizens of Soil olive oil group, said: “Unless the weather is under control soon, we should expect pricing to rise in the autumn since there will be less edible fruit to make olive oil from.”
Irrigated crops are generally performing better than rain-fed crops, but rising water demand and possible irrigation restrictions create additional risk.”