Olive oil prices jumps 30 percent at supermarkets
(FOX 11) - 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.
Copyright 2017 FOX 11 Los Angeles: Download our mobile app for breaking news alerts or to watch FOX 11 News | Follow us on Facebook, Twitter, Instagram, and YouTube. Be a citizen journalist for FOX 11 and get paid - download the Fresco News App today.