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A combination of the temporary suspension of tariffs negotiated by the United States and European Union last month, challenging climatic conditions, COVID-19 pandemic and global olive oil consumption outpacing production in the current crop year have all contributed to the increasing prices. “It has been a strange international harvest, where none of the forecasts have been fulfilled for climatic reasons and industrial performance,” Vilar said. ....
Italy Pledges Nearly €70M for Olive Oil and Table Olive Sector oliveoiltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oliveoiltimes.com Daily Mail and Mail on Sunday newspapers.