An encouraging forecast from a famous manager about olive oil prices

Olive oil has been one of the most expensive products on the shopping list for several months now. Most consumers are keeping an eye on the deals so they don’t have to eliminate this product from their regular diet, but what really worries them is knowing when the price of liquid gold will stabilize.

Francesc Minguel, managing director of the Tortosa Chamber of Commerce and Industry, recently spoke on this issue. In accordance with Perfectanalyzed the latest report of the Spanish Olive Oil Association and assured that “large distributors usually agree prices with suppliers a year in advance.”

The expert confirms that “very positive” dynamics in oil prices is expected, which represents a decline. But it’s not all good news because it won’t happen right away. This reduction in the price of liquid gold will not take effect until one year after the price agreement is agreed upon.

Thus, according to Minguel’s explanation, the price now being paid in supermarkets was the one that was agreed upon at the beginning of the campaign. And most likely this will continue until it ends.

This means that no noticeable changes will occur until September next year, when the next olive oil campaign begins.