Cost of olive oil set to rise after disastrous harvest in Italy, farmers Say

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A wet summer and fruit fly blight had led to a bad olive harvest in Italy. Some producers of olive oil have chosen not to harvest at all this year and this will bring up the price of a bottle of olive oil by £2, farmers say.

The price of olive oil is set to soar after a widespread failure of the annual harvest in large parts of Italy. The price is expected to rise per bottle after production fell by up to 80 per cent in some areas of Italy, a farmers’ cooperative said.

Silvio Bandinelli of the Tuscan Olive Growers Coop said: ‘The new oil will cost 2-3 euro more per litre compared to last year, or an average of 10 euro a litre.

Some producers have decided not produce extra virgin because the flavour of the oil will be too acidic. Others have cut their losses by not harvesting at all, according to the Confederation of Agricultural producers in Italy (CIA).

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