Ease up on those extra-long glugs of Spanish olive oil that you pour over bread. You'll still be able to get it, but it's about to cost you a pretty penny
Spanish and Italian olive oil, which collectively make up about 70% of the world's olive oil, are nearing an all-time production low — down 50% in the 2014-2015 season. The shortage is due to a combination of disease and heat to those regions' olive crops, reports Bloomberg
“The supply shortages as a result of the drought, and particularly under-production in Spain, have filtered through to the marketplace," said head of packaged food research at Euromonitor International, Lamine Lahouasnia Read more...
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