The price of olive oil in Portugal was, in January, up 69% on the same month in 2023, recording the highest year-on-year increase for olive oil in the European Union, where prices on average were up 50%, according to data released by Eurostat today. Olive oil prices ‘soared’ in the second half of 2023, largely due to climate change. Prices in Greece, Spain and Estonia were all up over 50%, with countries like Romania, Ireland and the Netherlands registering increases much lower (12.7%, 15.9% and 17.6% respectively).
Olive oil inflation in Portugal reaches 69%…
