Consumers paying premium prices for extra virgin olive oil, counting on its nutritional value and health benefits, are facing an influx of adulterated and irregular cooking oils in the market. Olive oil adulteration usually involves mixing with lower-grade seed oils and natural colorants to alter its appearance.
Olive oil will remain expensive, at least for the next six months. And this is the optimistic prediction. Whether the "rally" will continue will become clear in the first months of 2024, when the new harvest olive oil enters the market, even if, according to all indications, production will be reduced, or next spring, when there will be the first indications of the production of the new growing season, especially in Spain.
The damage from the theft of olive oil reported by the Agricultural Cooperative of Olive Production in Polygyros, in Halkidiki, on the morning of Tuesday, October 3, is estimated at more than 370,000 euros.