El aceite de oliva se dispara: un 52% más caro que hace un año y un 8,7% más que en julio
The price of olive oil has experienced a historic increase, more than doubling in just over two years due to production shortages caused by consecutive droughts. This surge reflects a break in the supply-demand equilibrium, creating an accessibility crisis for consumers and marking the largest year-on-year increase recorded in decades. The economic impact translates into significantly higher household spending, approaching levels seen before the 2007 financial crisis. Although consumption by volume has decreased compared to fifteen years ago, the rising cost of the product forces households to allocate a larger share of their budget to this staple of the Mediterranean diet, highlighting the vulnerability of the food supply chain to adverse climatic factors. This situation is relevant to the field of open data, as it illustrates the need to improve transparency and access to information on agricultural prices and production. The visibility of these statistical indicators enables society to better understand market disruptions and demands that governments provide real-time data to enhance resource management and food policy in the face of climate change.
Source: bolsamania.comPublished on 2023-09-13