Even if it costs, it is practical to put an end to the fever and find the best offer of olive oil, although it is difficult to get it in these times when the price of this liquid gold is constantly increasing. The shortage is being felt in Spain, which also produces 45% of world production, but it is not only there that Morocco, another major producer, is beginning to struggle amid spiraling inflation.
But what has been said: calm down because there are reasons not to buy at the minimum offered. It is necessary to take into account that the market is not a dynamic mechanism and prices in this case largely depend on the next harvest.
First rule: don’t use too much oil
According to the Ministry of Agriculture, the Spanish population consumes around eight liters of olive oil a year on average. It may seem like a high amount, but it still doesn’t warrant compulsive purchases of this food, no matter how healthy it is.
For a family of three it would be around 20.5 liters, but even then there is no reason to buy five liters every month. In fact, we can cause the oil to lose its properties because if it is not properly preserved, it can go bad.
Second rule: It’s not the best oil
As mentioned, the 2023 campaign is fast approaching, but until it does, the oil we are currently buying is the last chance for stores to get rid of what was produced in the previous crop.
Or which is the same: in silver we buy old oil, less fresh than we could have in a few months. You could lose properties like antioxidants, the amount of which decreases over time.
Third rule: trust supply and demand
Olive oil is not a product whose prices are so solid that they cannot be lowered in the future. If it continues to increase, the demand must decrease because consumers will not be willing to put up with an exorbitant price even though this product is tasty and healthy.
