High prices of olive oil drive consumers to seed oils as an alternative

The olive oil sector was full of ups and downs during 2015. A price increase of 28% contrasted with a 29% drop in production, due to a harvest decimated by drought in Spain and diseases in Italy. According to the Spanish website revistaaral.com, a litre of olive oil has reached its highest price in a decade after a sustained escalation of prices by 41.6% in the last four years. In the same period, the sales volume decreased by 8.7%.