Olive oil prices in India up 60% due to Europe drought
The price of extra virgin olive oil in India has skyrocketed due to two consecutive years of drought in Europe. Importers report that prices have increased by at least 50% to 60%, with the possibility of reaching Rs 1,500 per litre. Consumers are already feeling the impact, with reduced discounting and a change in taste noticed by some.
The price of extra virgin olive oil in India has skyrocketed due to two consecutive years of drought in Europe. Importers report that prices have increased by at least 50% to 60%, with the possibility of reaching Rs 1,500 per litre. Consumers are already feeling the impact, with reduced discounting and a change in taste noticed by some.
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