Olive oil prices jumps 30 percent at supermarkets

- Olive oil prices have already jumped by about 30 percent at the supermarket.
This comes as the entire Mediterranean region has been in a 4-year drought.
But even if the drought ends next year, there would still be a shortage due to the increasing worldwide demand.
And that means specialty olive oils from the Sonoma Valley will fetch a higher price as well.
Not so great for consumers.

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