Update on Olive Oil Market 2024: Rising Prices & Securing Your Supply

2024 Olive Oil Harvest Overview

The global olive oil market has seen unprecedented shifts in 2024 due to extreme weather conditions across Europe, especially in Spain, Italy and Greece. Droughts and unpredictable climate patterns have drastically affected olive yields, leading to a significant drop in production. As a result, olive oil prices have surged by as much as 40-50% in many regions, putting pressure on businesses relying on stable supply chains.

Spain, the world's largest olive oil producer, has reported a reduction of nearly 50% in output, while Italy and Greece have faced similarly sharp declines in harvests. This situation is driving up costs across the globe, with many producers struggling to keep up with demand.

World of Brio: Securing Your Olive Oil Supply

Despite the turmoil in the global market, World of Brio remains confident in our ability to secure high-quality olive oil at competitive prices. Our sourcing strategy focuses on local farms in the Mediterranean region, which allows us to maintain a steady and reliable supply of premium olive oil. Our partnerships with trusted growers in Turkey and neighboring regions ensure that our customers in the US can continue to benefit from:

• Sustainable sourcing practices

• High-quality, non-GMO olive oil

• Competitive pricing, despite market fluctuations

Why Choose World of Brio?

With the volatility in the olive oil market expected to persist, it's more important than ever to partner with a supplier who can offer stability, transparency, and quality. World of Brio is committed to providing safe, sustainable, and competitively priced olive oil to our customers across the US, helping you navigate these uncertain times with confidence.

Let’s Connect

If you have any concerns about your olive oil supply or would like to discuss your needs, we’d be happy to provide tailored solutions to ensure your business remains unaffected by the market changes. Please don't hesitate to reach out for more information or to place your next order.