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Business Daily: Why is olive oil so expensive?

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Why is olive oil so expensive?

29/05/2024 GMT

BBC World Service - Business Daily, Why is olive oil so expensive?

How a widely-used oil in cooking became 'liquid gold' - with prices to match

How a widely-used oil in cooking became 'liquid gold' - with prices to match.

Most of us have noticed the prices of our weekly food shopping going up over the last few years, but some items have risen by astronomical amounts.

Extra virgin olive oil - a premium, unprocessed oil from the olive, has seen many customers' prices rise by 50% in the past year alone. 

We explain why, as we hear from oil sommeliers and the people who buy and sell the product.

(Image: Olive oil being poured into a bowl. Credit: Getty Images)

Presented and produced by Rick Kelsey

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