Prices for this supermarket favourite have skyrocketed. Could the trend continue?
Australians may need to ration their salad dressings if olive oil prices continue to climb. The price of the liquid gold at the heart of the Mediterranean diet has soared since the COVID-19 pandemic . The pantry staple is being sold for up to $71 for a four-litre tin online from the major supermarkets or $27.50 for a 750ml bottle.
"So prices have gone up. While supply is short, we'll see higher prices," He said that Australian olive growers had also faced challenging conditions, with an "onslaught of pests and diseases" as well as poor weather affecting olive production. "They grow very well in all sorts of climates, but to produce the olive fruit requires the ideal environment and climate essentially," he said.
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