Why Extra Virgin Olive Oil (EVOO) Is More Expensive This Year

In the world of culinary delights, few things can rival the rich, robust flavor of Extra Virgin Olive Oil (EVOO). Often referred to as “liquid gold,” this essential Mediterranean elixir has graced our tables and kitchens for centuries. However, if you’ve noticed a slight dent in your wallet when purchasing EVOO recently, you’re not alone. In this blog post, we’ll delve into the reasons behind the rising cost of EVOO this year and why it’s more important than ever to choose quality, such as Olyfo, to make every drop count.

Climate and Weather Challenges

One of the primary factors contributing to the surge in EVOO prices is the unpredictable and sometimes devastating impact of climate change. Olive trees are sensitive to weather conditions, and fluctuations in temperature, precipitation, and extreme weather events, such as droughts and frosts, can significantly affect the olive harvest. In recent years, regions that traditionally produce high-quality olives and EVOO have faced unprecedented weather challenges.
For example, Tunisia is expected to have a harvest of around 170K tons, Spain is in the 600K Tons, while Italy and Greece are expected to have 50% less than usual. The price of Olive Oil in 2023 has moved from 5 Euros to 8.5 Euros per Kg in a period of 10 months.

Labor Costs and Shortages

Another crucial factor that influences the cost of EVOO production is labor. Olive harvesting is a labor-intensive process that relies heavily on manual labor, particularly during the peak harvesting season. Rising labor costs, labor shortages, and increased demand for fair wages have all driven up the overall production expenses for EVOO producers.

Pests and Diseases

Olive trees, like any other plant, are susceptible to pests and diseases. The olive fruit fly, for instance, can decimate olive crops if not adequately controlled. To protect their crops and ensure high-quality EVOO, many olive growers invest in pest management practices and sustainable farming techniques, which can add to the cost of production.
Italy, one of the leading olive oil producers, has also faced the challenge of Xylella fastidiosa, further affecting production.

Quality Matters More Than Ever

In times when EVOO prices are soaring, it’s essential to prioritize quality over quantity. Choosing a trusted brand like Olyfo ensures that you’re getting the most out of your investment. Olyfo is committed to producing high-quality EVOO, carefully sourced from select olive groves, and rigorously tested for flavor, and aroma. Our dedication to excellence means that every drop of Olyfo EVOO delivers the authentic taste and health benefits you expect.
As the demand for olive oil goes up and its price increases, the market has become a breeding ground for fraud. They make fake products or put misleading labels on bottles. But we’re here to empower you with knowledge.
To protect yourself from this, start by learning about olive oil. Do some research and choose well-known brands. When you buy, check the label for things like where it comes from, when it was made, and when it expires.
Also, try to taste different olive oils. This can help you tell the good ones from the bad ones. Remember, cheap prices don’t always mean good quality. So, be careful if a price seems too low. By knowing what to look for and paying attention, you can avoid falling for olive oil scams.

While the rising cost of EVOO may be a bitter pill to swallow, understanding the reasons behind it can help consumers make informed choices. When shopping for EVOO, remember that quality is paramount. Olyfo remains committed to providing the finest Extra Virgin Olive Oil, ensuring that you can continue to savor the liquid gold experience, even in challenging times. So, embrace the richness of EVOO in your culinary creations and savor the distinct flavors that only the finest olive oil can offer.