Unprecedented Hike in Olive Oil Prices: A Consequence of Spain’s Severe Drought
Drought-Induced Decline in Spain’s Olive Oil Production In the face of an extended drought, Spain, the world’s topmost producer, and exporter of olive oil, has witnessed a dramatic surge in the prices of its signature commodity. The International Monetary Fund (IMF) reports that global olive oil prices have risen to an unprecedented 26-year high of … Read more