2024 Olive Oil Prices

Have you seen the news? Or heard about the price of olive oil increasing worldwide, including Australia?

This is for a number of reasons...

Australia is an olive oil loving nation and we consume more olive oil than we can produce each year. This shortfall is then covered by imported olive oils, mainly from Spain, Italy and Greece. With Spain being one of the biggest producers.

In recent growing seasons, Europe, particularly Spain, has experienced a significant decline in olive oil production due to drought and other environmental factors. This decrease has driven up olive oil prices in Europe, which has also impacted prices globally, including in Australia.

In addition to this, many countries that traditionally purchase their olive oil from Europe are now looking to other markets, such as Australia to fulfill their demand.

Locally, olive oil production has been mixed. Many of our olive producers have also experienced challenges with weather and pests. This all unfortunately leads to prices being pushed higher and higher.

The good news... Great Southern Groves had a pretty good crop in 2024 and we hope to have enough olive oil to see our customers through the whole year. We have also created a 3L tin subscription for our customers to overcome two issues. One, a price saving for our customers and two, the subscription means we can plan ahead and make sure we have enough olive oil for our loyal customers.

Subscriptions can be set for the amount of olive oil you use... one month, two months, even every six months.

We hope that you keep enjoying your Great Southern Groves, Extra Virgin Olive Oil in all of your cooking and baking.

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