Spanish farmers associations assure that supermarkets are taking advantage of the situation to increase profits at the expense of consumers.
Heat and drought have decreased olive oil production in recent years. Spain, the world’s largest supplier of olive oil, expects production to fall by 50% this year.
In addition to creating a perfect breeding ground for adulterated products, The shortage of liquid gold has skyrocketed prices. Spanish farmers say supermarkets are taking advantage of the situation to increase profits at the expense of consumers. Something that happens in several European countries.
Where does the price rise, in the field or in the store?
In Valencia, the general secretary of the farmers’ association La Unió, Carles Peris Ramosexplains it with two figures: “The initial price of our products has risen only one 3%. And yet, consumers pay a 59% especially when they buy in large supermarkets.
But lSupermarkets deny that they are inflating prices. This is the case of the director of the Valencian Community Supermarket Association, Peter King: “The price of virgin olive oil has remained below 10 euros throughout the year 2024″
Consumer organizations denounce that prices remain very high despite the fact that the Government eliminated VAT on olives in Spain since July 1.
Additional sources • Enrique Barrueco (Voice-over)
