Economy

Why the price of olive oil is rising

.HOMER CALLED it fluid gold. To Hippocrates it was "the excellent physician". Nowadays olive oil is actually used to pan-fry veggies or even outfit salads-- yet it is once again becoming a high-end. In September prices achieved their highest degree given that reports began, rising through 117% year-on-year depending on to the International Monetary Fund. Olive oil is seventeen times as valuable as petroleum body weight for weight in 2019 it was actually seven times more affordable. Why possesses the cost soared?