The price of olive oil is a topic of conversation across the country, especially because the so-called “healthy fat” is used by almost everyone in their meals and its price has increased significantly in recent years. The starting point for the rise in olive oil prices was the start of the Ukrainian War, on February 24, 2022, and now Mercadona is presenting an offer that raises hopes that one day prices will return to what they used to be.
The escalation in the price of olive oil began the day the Ukrainian War began. It was February 24, 2022. At the time, 750 milliliters of extra virgin olive oil cost 4.46 euros. More than two and a half years later, on August 28, 2024, the same amount of olive oil already cost, on average, R$8.71.
Even so, the prospect of good olive production in Spain and Portugal, in the 2024/2025 campaign, is inverting the olive oil price curve, according to data from .
In any case, the same source states that producers warn that values are unlikely to return to those of two years ago. Although the beginning of the increase in the price of olive oil coincided with the start of the Ukrainian War, what is known is that the cause of this increase in prices was not the armed conflict, but rather the drop in olive production in Spain, due to to drought.
Although it is known that the price of olive oil is unlikely to return to what it was two years ago, Mercadona has arrived with a proposal that promises to be competitive when it comes to buying olive oil. The Valencian chain’s Hacendado brand is selling a 200 milliliter bottle of olive oil (spray) for 2.17 euros. Note that the average price of extra virgin olive oil, in August, was R$2.32 per 200 milliliters.
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