Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
62. Olive oil prices to soar after Spanish drought devastates crop
Sun Sep 23, 2012, 06:26 AM
Sep 2012
http://www.guardian.co.uk/business/2012/sep/23/olive-oil-prices-soar-spain


Olive oil farmers in Andalucia. The wholesale cost of the fruit is rising daily as the industry predicts a terrible harvest. Photograph: Peter Davis/Alamy

A fresh oil crisis is brewing. However, this time it won't be hitting the garage forecourts but the nation's kitchens.

The wholesale price of extra virgin olive oil has jumped 62% in three months after a severe drought in Spain, the world's largest producer, wiped out an estimated 600,000 tonnes of production.

Filippo Berio, the UK's biggest olive oil supplier, has warned that it will be forced to pass on the increase to consumers.

"The [wholesale] prices are going up rapidly daily," said Walter Zanre, managing director of Filippo Berio, which sells 10m litres of oil a year in Britain.
NO BANKS DOWN, YET Demeter Sep 2012 #1
Mitt Romney Video: GOP Candidate Wants To 'Clean House' At Federal Agencies Hugin Sep 2012 #4
Hugin! Long Time no See! Welcome Back! Demeter Sep 2012 #8
I'm always lurking about, somewhere. Hugin Sep 2012 #15
House Dems propose taxing equity trades to fund new federal programs Demeter Sep 2012 #2
First RECCE! Hugin Sep 2012 #3
Today's official high was 97 Tansy_Gold Sep 2012 #5
With me, it's not the heat. It's the drought. Hugin Sep 2012 #6
Revised stats Tansy_Gold Sep 2012 #7
We are getting a long, slow soak tonight, and about time Demeter Sep 2012 #9
We have an errant tropical storm in the vicinity, since we're talking about weather (& climate), Ghost Dog Sep 2012 #38
How often does that happen? Demeter Sep 2012 #58
Normally, it's very rare. But TS Delta hit us sideways in 2005. Ghost Dog Sep 2012 #76
scratched a hard frost off the vehicles yesterday Po_d Mainiac Sep 2012 #22
It's getting nippy in SW Ohio DemReadingDU Sep 2012 #43
Forget About QE… I’m Worried About UC (UNINTENDED CONSEQUENCES) Demeter Sep 2012 #10
Take the Test to See If You Might Be Considered a “Potential Terrorist” By Government Officials Demeter Sep 2012 #11
Only scored a 62.5 n/t Po_d Mainiac Sep 2012 #21
Draghi and Bernanke’s Worst Nightmares Are About to Unfold Demeter Sep 2012 #12
It’s Time to Air Out Ben Bernanke’s Dirty Laundry Demeter Sep 2012 #13
No Wonder the Economy Isn’t Improving Demeter Sep 2012 #14
you left out a biggie Po_d Mainiac Sep 2012 #20
How many trillions of Dollars are we going to let the Fed spend? DemReadingDU Sep 2012 #39
It's that Marshall Law phase that's gonna suck. n/t Po_d Mainiac Sep 2012 #72
A GRIM HARVEST LIES BEFORE US Demeter Sep 2012 #16
This dedication goes out to that hard working Ann R. Hugin Sep 2012 #17
Drug Giants Fined $11bn for Criminal Wrongdoing Demeter Sep 2012 #18
Get some sleep, everyone...the pace picks up in the morning Demeter Sep 2012 #19
Gold coin pasty's....LMAO Po_d Mainiac Sep 2012 #23
it's saturday xchrom Sep 2012 #24
Party like hedonists DemReadingDU Sep 2012 #40
What Ray Dalio Said About The Rise Of Hitler Is His Most Worrisome Observation Yet xchrom Sep 2012 #25
Mitt Romney's Housing Plan Has Got To Be A Joke xchrom Sep 2012 #26
Why Greece's Neo-Nazis Are So Popular xchrom Sep 2012 #27
Deposit Flight From Europe Banks Eroding Common Currency MUST READ Demeter Sep 2012 #28
Now In The Media: European Deposit Flight Demeter Sep 2012 #29
Oh, I think you've been aware for awhile, this just solidfies the conversion, n/t DemReadingDU Sep 2012 #42
Wyoming Has The Least Income Inequality In The Country xchrom Sep 2012 #30
Italy Upholds Rendition Convictions For 23 Americans Demeter Sep 2012 #31
Walmarting India. Is this a good way for India to "develop"? Ghost Dog Sep 2012 #32
+1 xchrom Sep 2012 #34
It's all about the corporations, lobbyists, banksters DemReadingDU Sep 2012 #44
Centuries of Indian life could be extinguished by the arrival of Walmart xchrom Sep 2012 #45
David Cay Johnston: How the Rich Get Richer DemReadingDU Sep 2012 #48
Yuri Milner: 40 Million Retail Jobs Are Going To Disappear xchrom Sep 2012 #33
THE PROBLEM, DEAR BRUTUS, LIES NOT IN OUR STARS... Demeter Sep 2012 #35
Bringing In The Sheaves xchrom Sep 2012 #36
Is Julian Assange's Asylum Claim Legit? STUDY IN RULE OF LAW Demeter Sep 2012 #37
10 Great Paying Jobs You Can Get Without a 4 Year College Degree Demeter Sep 2012 #41
LAND OF THE ROMNEY "MOOCHERS" Demeter Sep 2012 #46
Okay, I'm taking a Sanity/Reality Break Demeter Sep 2012 #47
David Cay Johnston: A Close Look At Your Bills' 'Fine Print' DemReadingDU Sep 2012 #49
and how WE'VE PAID for these bloodsuckers profits bread_and_roses Sep 2012 #64
Charles Hugh Smith: It's not about "saving" housing, it's about saving the banks. DemReadingDU Sep 2012 #50
Mark Cuban: What Business is Wall Street In? DemReadingDU Sep 2012 #51
'Lunch Atop A Skyscraper,' Famous New York City Photograph, Turns 80 DemReadingDU Sep 2012 #52
Because of a quirk in anatomy... AnneD Sep 2012 #73
A Pot of Red Lentils - Welcome Autumn! Loge23 Sep 2012 #53
A crock pot full of AnneD Sep 2012 #74
Fed Reserve, a Privately Owned Banking Cartel, Has Been Given Police Powers, Glock 22s, Patrol Cars Demeter Sep 2012 #54
The Looming Threat That Could Initiate the Next Economic Collapse Demeter Sep 2012 #55
AGAINST MY BETTER JUDGMENT, HERE'S THE LATEST KOCH NEWS Demeter Sep 2012 #56
ANOTHER QUARRANTINED TOPIC: ROMNEY Demeter Sep 2012 #57
Neil Young - Harvest Moon xchrom Sep 2012 #59
Portugal backs down on social security tax rise xchrom Sep 2012 #60
Shipping magnate John Fredriksen sticks to his ‘gut feeling’: Invest xchrom Sep 2012 #61
Olive oil prices to soar after Spanish drought devastates crop xchrom Sep 2012 #62
François Hollande's popularity plummets four months after election xchrom Sep 2012 #63
"...Progressive Politics in their Historical Dimension" bread_and_roses Sep 2012 #65
+1 xchrom Sep 2012 #67
+1 ladyslipper Sep 2012 #75
Eurovegas won’t hit the jackpot xchrom Sep 2012 #66
A bright spot: "Victory in Quebec" bread_and_roses Sep 2012 #68
small farms large benefits xchrom Sep 2012 #69
Authorities raid French offices of UBS in tax probe xchrom Sep 2012 #70
Thanks to all you who posted! I'm calling a wrap on this weekend. Demeter Sep 2012 #71
Latest Discussions»Issue Forums»Economy»Weekend Economists' Harve...»Reply #62