Shortage of Olive Oil
Predicted
This
year's harvest appears to be twenty percent lower than last year
October
20, 2014
Harvest
reports from the major olive growing areas around the world indicate a
significantly smaller crop in 2014, and combined with the steady growth in
demand for Extra Virgin Olive Oil, the news has experts expressing concern
about a shortage of top quality olive oil. This year's harvest of 2.56 million
tons appears to be about twenty percent lower than last year's, and more
important, falls well below the 3 million tons consumed last year.
"As with all agricultural products,
olives and olive oil are subject to the whims and vagaries of nature,"
says Ann Sievers of Il Fiorello Olive Oil Company, who makes olive oil for some
of the top names in the Napa Valley. "Here in Northern California, there
are many concerns not only about the size of the crop but also the constant
issue of the olive fly. It looks like our harvest will be just a bit below last
year."