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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