Mediterranean source olive oils are to see price increases over the coming months stemming from a very poor last season, the worst in the last 10 years. Spain had a terrible drought and Italy faced devastating bacteria where huge groves of trees had to be destroyed.
According to local importers William Aitken & Co, total world production was down almost a third and international reserves were being significantly depleted. It is expected that the rises could be as much as $1-50 a litre. Aitkens are well known for their popular Lupi brand.