Span­ish olive oil prices have fallen below pro­duc­tion costs even as demand has risen, leav­ing pro­duc­ers scratch­ing their heads while farm­ers find them­selves in an unten­able sit­u­a­tion.
Since March 2018, prices at ori­gin have dropped by 37 per­cent to $2.30 per kilo­gram, leav­ing grow­ers to grap­ple with two con­sec­u­tive sea­sons in which pro­duc­tion costs have exceeded sales prices.