With olive oil prices soaring, more fake products are hitting shelves

In case you missed it, today is National Extra Virgin Olive Oil Day… but the skyrocketing cost of liquid gold has left polyunsaturated fans with little to celebrate. Data from the IMF shows that global olive oil prices have almost tripled since the start of 2021, reaching ~$8,700 per metric ton in August after hitting a record high in January.

Extreme weather events observed across Europe, including droughts and heatwaves, is weighing on supply.

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