Export market for Olive Oil in Turkiye (12월, 2022)

The article highlights the significant increase in gold prices, which peaked and then stabilized, while the cost of living in Spain has risen due to high prices for food items like olive oil, despite the government reducing VAT on it to offset household spending. The high demand for olive oil, which is in short supply due to low production caused by dry autumns and water stress in olive groves, has led to a surge in prices. Other factors contributing to the rise in olive oil prices include high production costs, energy situation, and economic impacts from the situation between Russia and Ukraine. The article also touches on the potential impact of new technologies like air fryers, which may reduce the demand for oils and fats for cooking. The situation is leaving consumers with difficult choices about which oil or fat to buy, as prices continue to rise and production returns are anticipated with the hope of market stabilization.