Why the cost of olive oil is rising

.HOMER CALLED it liquid gold. To Hippocrates it was “the great physician”. These days olive oil is used to pan-fry veggies or even dress mixed greens– but it is once more ending up being a luxury.

In September prices met their highest level because files started, rising by 117% year-on-year according to the International Monetary Fund. Olive oil is actually seventeen times as useful as petroleum weight for body weight in 2019 it was actually 7 times less expensive. Why possesses the price soared?