Olive prices set to rise

Olive prices set to rise

Olive growers could be in for some good news – prices may increase above cost of production this season.

The last few years have been tough for producers, with a flood of imported olive oil and an oversupply of the fruit causing a decrease in prices.

But in that time, growers have been pruning away at their orchards, and according to a survey, there’s not as much fruit going around. That should mean producers will see higher prices.

Lisa Rowntree is the CEO of the Australian Olives Association and says demand for Australian olive oil is also increasing.

“Demand is growing … that combined with the fact that there’s not alot of fruit being harvested around Australia could actually see a situation where the demand is greater than supply.”

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