There are estimates, but to understand what is going on in the global market for olive oil
at the beginning of the marketing year 2014/2015 have to follow the money trail.
"In the last 12 months, the futures on Olive Oil virgin exchanged in Jaen,
in Spain, have surged 17 %, while the Chamber of Commerce
Bari this year with the start of the olive harvest are found quotations that
are greater than 38 %."
For Coldiretti soaring prices is proof that the forecasts of the Oil World,
the independent forecasting service for oilseeds, oils and meals, hit the mark :
World production of olive oil breaks down and is expected to fall by 17% to 2,9 million
tons
A bottle of three Italian oil if you drink a fly terrible.
And the price of what you saved it to the stars.
It is the black year of extra virgin olive oil. Not if it produces. Not if it finds.
A tragedy for the farmers, a drama for fans of bruschetta.
Blame climate crazy and concatenation of a series of negative events.
In June, the only real heat wave caused the drying up of the flowers
compromising the fruit production.
Those survivors then had to contend with high humidity, heavy rains,
little sun, ideal conditions for disease and pest attacks. Like the ravenous fly.
Who did the massacre. And as if that were not enough, to give the final blow to an industry that counts
about 250 million plants, guarantees use of labor for 50 million
working days per year and a turnover of 2 billion Euros, came
the hail storms. That of 19 September has deleted olives largely
of trees in Tuscany, land of excellence, where the collapse production reached peaks
90% on average between -70 and -50 %.