Olive oil costs could soar by around 25% due to a fierce heatwave in Spain
Shoppers who pick up their groceries in some of the UK's biggest supermarkets have been sent a warning that they could see olive oil prices soar in the next few months.
The country, which currently produces nearly half of the world's olive oil, has been experiencing extremely high temperatures, dry conditions and a lack of rainfall. It is these conditions that have been impacting crops as olive tree's have been unable to grow new branches. Mr Colmenero said the impact of the heatwave on production was "drastic", as Spain is forecasted to only produce as little as one million tonnes of olive oil this season - despite producing 1.4 million last year.
Belgique Dernières Nouvelles, Belgique Actualités
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