Olive oil, often referred to as “liquid gold,” is facing unprecedented challenges in the market. Gonzalo Bernardos, a prominent economist, has announced the exact date on which the price of olive oil is expected to drop. This news comes as a blow to Deoleo, the largest olive oil producer in the world, whose CEO has called the current situation the most difficult moment in the history of the product.
Meanwhile, in Peru, the olive oil industry is experiencing a different trend. The price of Peruvian olive oil is on the rise, signaling a potentially profitable market for producers in the region.
Amidst these contrasting developments, experts are speculating on when the price of olive oil will finally decrease. Some are pointing to a specific date in the near future as the turning point for the industry. With all eyes on the olive oil market, it remains to be seen how producers and consumers will navigate these uncertain times.