With rising olive oil prices, concerns of falling consumption

The retail prices of popular Spanish olive oil brands Carbonell and Koipe have shot up this month by as much as one euro in some cases, as consumers start to feel the effects of the recent hike in wholesale prices. Food giant Deoleo – which could soon become the world’s top olive oil producer if a rumored merger with Hojiblanca goes ahead – appears to be the first to pass on the rise and anxious eyes are now on consumers to see how they react.