Trade Tensions, Market Glut Press Upon Olive-Oil Prices

📆 2019/12/01 22:50:00
📰 WSJ

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What’s behind the slump in olive-oil prices? Looming U.S. tariffs on European olive oil, combined with a glut of olives after rich harvests, are pressing down on prices

A prolonged slump in olive-oil prices is whipping up discontent among farmers in southern Europe and North Africa.

After growing steadily higher for several years, wholesale prices of extra-virgin olive oil—the purest kind, typically in demand from high-end restaurants—have fallen in 2019 by a quarter in Spain and by almost a third in Italy.

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