News about Gary Lewis

Olive oil consumers were warned yesterday that the industry is in danger as prices rise. One of the main reasons, according to the sector's CEO, is Spain's extreme weather. According to Walter Zanre, chief executive of leading oil brand Filippo Berio, the market dictates it.' Temperatures in Spain hit 40 degrees in April as a result of heavy rainfall that has been in short supply, leading to poor harvests. As a result, the UK's grocer industry has had to respond accordingly, raising the price of olive oil products.

The cost of buying an average bottle of olive oil increased by 11.9 percent between December 2021 and last month, with the cost of Britain's best bottle of olive oil doubling to more than £11. Last spring, temperatures in Andaluca, Spain's largest region, soared to more than 100 degrees (40C), causing turbulence in the region's early growing season, which is known for exporting more olive oil annually than the entire region. According to the grocery price index, the average price of olive oil products in the United Kingdom has increased from £6.62 in December 2021 to £7.41 in December 2022.