Here’s why olive oil prices in the United States are soaring

Severe droughts in major olive oil-producing countries are causing a global spike in prices, according to the United States Department of Agriculture. (Staten Island Advance) STATEN ISLAND, N.Y. — You might want to hold the EVOO on your next salad: Severe droughts in major olive oil-producing countries are causing a global spike in prices, and according to a new report from the United States Department of Agriculture (USDA) , costs here in the United States are up by more than 100%.

“Global olive oil prices topped $8,900/ton this month, driven by the realization of off-year growing cycles and extremely dry […]

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