For a long time, the price of olive oil has been quite high, reaching 13 or 15 euros per liter at least. However, this upward trend in the price of oil seems to have started to decline, especially in a specific supermarket, Alcampo. The French supermarket chain has reduced the price of oil up to 8.99 euros per liter for extra virgin olive oil from the renowned brand La Masa.
Currently, it is the only brand of oil that has the price of the cheapest olive oil on the entire market. This may cause a drop in the rest of the supermarkets and brands nationwide. At the moment it is unknown if another chain plans to reduce the price, but due to the drought and the difference between the original price and that of the supermarkets, a large drop is expected.
Specifically, it has been the 5 liter bottle for 44.95 euros, the product that has dropped in price in Alcampo. In this way, we can acquire the highest quality olive oil at a much more competitive price. La Masa’s Excellence Extra Virgin Olive Oil is characterized by being a 100% natural juice from olives, carefully selected to ensure maximum quality.
Drop in the price of olive oil
The oil sector is not experiencing its best moment, some oil companies such as Deoleo which owns brands such as Carbonell, Hojiblanca or Bertolli, have had millionaire losses and are not willing to lose much more money. What many analysts predict is that the price of oil will return to normal, since this situation is not positive either for people or for companies.
The financial health of the olive sector is not good, and if the experts’ forecast is true, prices in supermarkets should fall sooner rather than later.
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