The Olive Oil Industry is Showing Signs of Recovery After Two Difficult Years. This is accordance to Spanish Olive producer Deoleo, Known for Brands Such As Bertolli and Carbonell. A Good Harvest in Spain Has Finally Brought Prices Down.
The past two years have bone tough for the sector. Drought, Heavy Rain, High Costs, and Poor Harvests caused Olive Oil Prices to Soar to Record Highs.
This year, Spain Has Harvested Many Olives. Traditionally, The Country Produces The Most Olive Oil. As a result, the prices of, among other things, extra virgin olive oil have fallen sharply in supermarkets again.
“After a Very Difficult Time, We Are Finally Seeing Improvement,” Deoleo CEO Cristóbal Valdés Told the American News Channel CNBC .
Deoleo, The World’s Largest Olive Oil Producer, Expects the Situation to Remain Calm for the Rest Of 2025. “The Worst Seems to Be Behind Us,” Says Valdés.