Higher olive oil prices were predicted in the 2014/15 harvest, in contrast to the 2013/14 harvest of last year. Starting in the summer of 2014, producer prices in Spain began to rise. As a result, the global price of olive oil has gone up this year.
For a review of the commodity market from this fall 2014, we’d suggest catching up on the following article, Olive Oil Commodity Market Update 2014/2015 Harvest.
In the meantime, here’s a review of where prices are now and a some suggestions for future planning to keep your cost of goods low.Continue Reading