Why the price of olive oil is actually skyrocketing

.HOMER contacted it liquid gold. To Hippocrates it was “the terrific healer”. In today times olive oil is actually used to pan-fry vegetables or dress tossed salads– but it is actually once more becoming a luxurious.

In September prices reached their highest level given that documents began, increasing by 117% year-on-year depending on to the International Monetary Fund. Olive oil is actually seventeen times as valuable as petroleum weight for body weight in 2019 it was actually seven times less expensive. Why has the rate shot up?