Bbc News
@bbcnews·20.1M subscribers·32.9K videos
Olive oil price skyrockets as Spain suffers summer droughts for second year | BBC News
Posted
December 6, 2023
Views
49,159
Likes
515
Comments
190
Engagement
December 6, 2023
49,159
515
190
1.43%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
3:16Now PlayingSpain is the world's biggest olive oil producer, covering 70% of European Union consumption and 45% of that of the entire world.
But a lack of rain that olive-producing areas around Spain have been seeing has had an enormous impact on both the amount of oil being produced - and its price.
In Spain, olive oil prices have increased by more than 70% this year alone after a sharp rise in 2022, with one-litre bottle of extra virgin oil currently costing around €9 ($9.88; £7.79).
The rise in the price of olive oil in Spain has been echoed across Europe - however in some countries, the increase has not been quite as sharp.
A recent trend, for example, has seen Spaniards who live near Portugal crossing the border to buy slightly cheaper oil there.
Subscribe here
For more news, analysis and features visit: www.bbc.com/news
#OliveOil #Spain #ClimateChange #BBCNews
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
