AliExpress enters the great battle to sell olive oil through the front door
He olive oil This base product which all families use for cooking, but price it reached many fear that soon they will not be able to afford its consumption. Therefore, they have to look for offers that give them the opportunity to purchase so-called “green gold” at the most affordable price. And many supermarkets and online sales platforms take this need into account to publish the juiciest promotions.
This is the case of AliExpress, which supplied 5 liter bottle from Extra Virgin Olive Oil. Cortijo La Muralla” by 42.69 euros. “Our Hojiblanca extra virgin olive oil is one of our best-known products due to its excellent properties. polyvalency. Recommended for all types of use. Raw, for dressings and salads; for all types canned stewed meat and is highly recommended for fry for its stability and long service life”, explains the site Holometer about this product.
Previously, The price of the bottle was 59.20 euros.so there is saving 16.51 euros or, what is the same, 28%. Thus, a liter of oil will cost 8.5 euros. The proposal was published last Thursday, May 16. It is not specified how long this will last.
When will the price of olive oil really go down?
According to consumer price index (CPI) data for April, Olive oil has risen in price by 68% Over the past year this 1.5% more expensive than in March and it’s worth it three times more than in 2021.
And the forecasts are not very encouraging, at least for the rest of the year. He economist Gonzalo Bernardos predicted in a recent interview with the program “Más Vale Tarde” that the price of olive oil will not fall until January 2025: “If we are lucky and the characteristics that I mention will be produced and the production volume will exceed one and a half million. We could see the price of olive oil in January 2025 at 5 or 6 euros for natural oil.“.
Among the characteristics he refers to, Bernardos identifies two. First of all, “that it rained in the spring”what happened and after “in the month Maybewhen flowering occurs it’s not too hot and it’s not raining too muchFrom here he adds that “what we do have is that the plant, despite poor harvests, is able to produce much more than would be normal.”