The price of olive oil is going up this year. In short, global production is down by 25%, which is causing oil prices to increase around the world. If you use olive oil as a food manufacturing ingredient, this change affects your business and your profit margins.
You probably want to bring your cost of ingredients down -- not up -- right?
This is a common concern and is more challenging to achieve in poor olive harvest seasons. It requires you to look closely at your buying strategy and make some tough business decisions.Continue Reading