Thursday, November 30, 2023

A Spanish woman saw how much olive oil costs in Australia and said: “There’s a cat in the bag here”

The drastic increase in the prices of extra virgin olive oil has caused the anger of many consumers, who see that they cannot pay the 12 euros per liter that it costs.

The anger of many increased after many Spaniards living abroad spread through TikTok videos that the prices of liquid gold there are cheaper than in Spain, despite the fact that the product is imported which is exactly in Spain.

Today, user @martaregistrada showed how much oil costs in Australia and was very surprised. “I think I’m the last to come to this controversial party on oil prices, but I don’t want to miss it,” he said.

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Then, he went to a supermarket, showed a shelf and assured that the same brand costs 10 euros per liter in Spain: “Here it is 11 Australian dollars.” “It’s on promotion, which will be around 6.50 euros,” he clarified.

“When I saw it, I doubted: Could these people have a warehouse in Australia? No, it’s from Dos Hermanas, Seville. Olé. I couldn’t finish looking for Dos Hermanas specifically, but Australia is there in for a treat and that oil here is almost half the price than in Spain… that is a fact. I think there is a cat in the bag here,” he said.

Economist Gonzalo Bernardos explained the reason why the cost of virgin olive oil is lower in some countries than in Spain.

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“It is possible that what is in the supermarkets is what was exported to Spain four or five months ago,” he explained before pointing to another possible reason: “The coverage of foreign markets costs big and represent a big investment, so in order not to lose market share they. can sell below what they do in Spain. But I prefer the first option.”

Nation World News Desk
Nation World News Desk
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