Gonzalo Bernardos announces the exact date for the fall in olive oil prices

Olive oil is one of the culinary treasures, because, in addition to the taste and its use, the price is off the charts. The National Institute of Statistics (INE) has registered 55% increase in olive oil prices in 2023.

Due to the high price, many people prefer to use smaller quantities, preferring deep fryer or resort to cheaper alternatives.

Now, Gonzalo Bernardos analyzed the evolution of olive oil prices in “Better Late” by La Sexta and announced good news: “If we are lucky and the characteristics I mention are produced and the production volume exceeds one and a half million, “In January 2025 we will see the price of extra virgin olive oil at five or six euros.”

For this to happen, the economist identified two fundamental requirements: “We need rain to fall in the spring and in the month of May, when flowering occurs It won’t be too hot and it won’t rain too much.

That’s why, if these weather conditions are met and its production will double. Regarding the 2023–2024 campaign figures, which totaled 847,000 tons, Its price may fluctuate from 10 euros to 5 during January 2025.