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Olive oil prices jumps 30 percent at supermarkets

By Shelly Insheiwat, FOX 11
FOX 11 Los Angeles
News
Published June 4, 2017 9:03 PM PDT
Published June 4, 2017 9:03 PM PDT

(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.

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