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Why many supermarkets are putting olive oil bottles under lock and key

In Spain, the leading global olive oil producer, supermarkets are enhancing security measures due to soaring prices and increased thefts. Retailers are attaching security tags to one-liter bottles of extra-virgin olive oil, now priced up to 14.5 euros ($15.77), alongside spirits, cosmetics, and appliances. Olive oil prices, up 150% in two years, result from a severe drought in southern Europe. Thefts prompted measures like chaining 5-liter bottles in stores.

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International Business: Spanish supermarkets lock up olive oil as shoplifting surges

International Business: Spanish supermarkets lock up olive oil as shoplifting surges
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Why many supermarkets are putting olive oil bottles under lock and key, ET Retail

In Spain, the leading global olive oil producer, supermarkets are enhancing security measures due to soaring prices and increased thefts. Retailers are attaching security tags to one-liter bottles of extra-virgin olive oil, now priced up to 14.5 euros ($15.77), alongside spirits, cosmetics, and appliances. Olive oil prices, up 150% in two years, result from a severe drought in southern Europe. Thefts prompted measures like chaining 5-liter bottles in stores.

Olive oilWu superRuben navarroOlive oil priceOlive oil theftOlive oil productionOlive oil rates

Spanish supermarkets lock up olive oil as price soars and shoplifting surges

Spanish supermarkets lock up olive oil as price soars and shoplifting surges
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Shoplifting of olive oil has supermarkets locking up their supplies

Olive oil prices have soared 150% in Spain over the last two years, making the commodity the target of retail theft and sophisticated heists.

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