The drought in the south, with particular relevance in olive provinces of Jaén and Córdoba. Only in Andalusia 45% of production is obtained. Between June and July prices showed tick an increase tick of 38%. At the risk of reduced crop this year, the market has reacted. In just a few weeks, the extra virgin olive oil gained 2.40 to 2.70 euros per liter, according to the Spanish Federation of Producers tick of industrial Oliva (Infaoliva), compared to an average of 2.45 euros the last ten years. And this trend will continue if rain lingers. Escalating prices continue to affect the pocket
Futures Market states, "summer holidays and have been able to curb the escalating prices that the market for olive oil origin live. If we analyze the evolution of contributions at source from the first week of June to late July, we can say that in just two months oil prices lampant have experienced an increase of 38% to position themselves in the 2,404 euros / ton. Some have experienced lower increases going from extra 1,983 euros / ton on average to 2,644 euro / ton virgin oils, which means an increase of 33.3%, and to a lesser extent we can speak of virgin oils that have increased prices from 1,893 euros / ton to 2,494 euros at the end of July. " tick
From the Governing Body of the Futures Market Olive Oil surprised on the shelves of large retailers have not yet seen these increases reflected at the origin, and deals that move in the vicinity of the 2 euro look. "It would have been logical that during the month of July and had been applied in linear prices more in line with something in home prices and the consumer was gradually assuming the revaluation; especially to prevent rises in September 30 or 40% if they can retract consumption are, "he warns.
In Italy, the danger comes from the bacteria "Xylella fastidiosa." It was discovered last year in the south and attack the olive groves of Puglia. There is no cure, the only solution is contaminated burning to stop the rapid spread tick of this bacteria olives.
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