Droughts, heatwaves and wildfires linked to climate crisis in key producer countries have nearly halved the world's harvests of olives for the second straight year, driving up prices to a record. Global benchmark retail prices rose to a record high of $9,000 per tonne in October, according to the US Department of Agriculture.
An August production estimate by the Spanish government proved the worst fears: a crisis in olive oil markets. Several Mediterranean countries suffered dry weather and droughts, further skimping supplies.
This story is from the October 30, 2023 edition of Hindustan Times.
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This story is from the October 30, 2023 edition of Hindustan Times.
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