As an olive grower, it is interesting, or maybe the word is saddening to see the public reaction to paying a realistic price for olive oil. Sincerely, this 191% higher price should be the norm. And hopefully the olive industry and govt health departments can keep the public understanding the nutritional value of the rolls Royce of oil, so they dont switch to canila and nations become even less healthy.
The prompt for this price rise was a 40% drop in production in Spain, which produces half the world's olive oil. Mills paid around €1.80/kg for oil olives this year, That works out about 8€ per litre coming out tbe mill.
In 2000 the price was €1 a kg. 69 cents to €1 has become the norm. I don't have to explain the destructive forces of inflation to a mainly bitcoin audience.!
This area had the biggest harvest in living memory. Producers actually made money. My reaction to this year is not to think everything is now rosy and olives are worth growing because fair prices for growers could become the norm
There is still a fundamental issue to solve to keep olive growing sustainable. Non irrigated olive trees, the sustainable trees that live for hundreds of years, are on an alternate year fruiting cycle, We literally have zero olives coming this year. So other parts of Spain will carry the load. For the common good, let's hope they do.
But even if prices stay fair for producers, there is still a fundamental issue - a biannual income. That is no foundation for producers in this day and age. It just makes growers perfect bait for this debt based financial system.
There is griwing trend for irrigating trees to even out annual returns. But that will destroy olive growing countries. The water sinply is not there.
That's how I came with . the project of Olive Grove Eggs. To promote an egg laying enterprise set in olive groves, providing farmers with a regular income that financially evens out the year of feast, year of famine, without having to irrigate.
We will see. I'm a nobody so I'm going to have to do a lot of work, but it seems so obvious to me. Just like it seems obvious that 191% higher price for one of the most nutrient dense calories we got, the core to the Mediterranean diet, is not a bad thing. But it will be interesting to see how it pans out.
2€ for table olives.