Trade Tensions, Market Glut Press Upon Olive-Oil Prices

  • 📰 WSJ
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines