Severe Spanish Drought Causes Record High Olive Oil Prices

1 min read
Source: Barron's
Severe Spanish Drought Causes Record High Olive Oil Prices
Photo: Barron's
TL;DR Summary

Prices of extra virgin olive oil have hit an all-time high due to a severe shortage, according to data from the International Monetary Fund dating back to 1990. While crude oil prices have fallen 10% this year, the price of olive oil has skyrocketed.

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