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Price increase
Olives and olive oil are becoming noticeably more expensive. Migros buyer Enrico Antonini explains why.
All of the olive-producing countries in Europe had qualitatively and quantitatively poor harvests in 2023. That increases the price of olive oil on the global market. Although we chose not to raise our prices last year, we must now adapt them on an ongoing basis. As a result, a 750ml bottle of Alexis Koroneiki currently costs CHF 11.95, compared to CHF 10.80 before.
Mainly due to persistent dry spells in the producing countries, such as Greece and Spain. This was already a problem back in 2022. And of course it also affects olives.
That depends on the upcoming olive season. We'll know more about this in June.
Not at the moment. We aren't expecting any supply shortfalls between now and the middle of the year. Those deliveries are guaranteed.