European olive oil prices set to climb as heat, drought and fires slash crops

olive oil price increase heatwave drought wildfires

Extreme heat, prolonged drought and widespread wildfires are damaging olive orchards across Greece, Italy, Spain and Portugal, cutting expected yields for the 2023‑2024 season. Producers report fewer fruiting trees and lower quality olives, prompting concerns of tighter supply.

Analysts and industry representatives warn that the reduced harvest will push retail olive‑oil prices higher throughout Europe. In the United Kingdom a litre of extra‑virgin olive oil now costs over £7 (about 200 CZK), and Czech retailers are seeing similar price levels, with occasional promotions offering only modest relief. Sarah Vachon, founder of the Citizens of Soil trading house, and Walter Zanre of Filippo Berio both highlighted the risk of further price spikes if weather conditions do not improve.

The Guardian has reported that after a brief lull, olive‑oil prices are likely to rise again, reflecting the broader impact of climate‑driven agricultural stress on food costs across the continent.

Entities

Citizens of Soil · European olive growers · European olive oil producers · Filippo Berio · Greece · Italy · Légumes de France · Olive Oil · Olive oil · Sara Vachon · Sarah Vachon · Walter Zanre

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[○ 1 SOURCE] In the Czech Republic a litre of olive oil sells for a similar price, higher in promotions. www.e15.cz
[● 2 SOURCES] Olive oil yields are expected to be lower this season. www.shqipmedia.com · www.e15.cz
[○ 1 SOURCE] Walter Zanre, head of the UK branch of Filippo Berio, warned about monitoring losses due to drought. www.e15.cz
[○ 1 SOURCE] Sarah Vachon, founder of Citizens of Soil, said lower yields will affect olive‑oil prices. www.e15.cz
[● 5 SOURCES] Extreme heat, drought and wildfires are damaging olive trees in Greece, Italy, Spain and Portugal. www.shqipmedia.com · www.e15.cz · www.neoiorizontes.gr · www.in.gr · www.alfavita.gr
[○ 1 SOURCE] In the United Kingdom a litre of extra‑virgin olive oil costs over £7 (about 200 CZK). www.e15.cz
[● 3 SOURCES] Olive oil prices are expected to rise further across Europe. www.shqipmedia.com · www.e15.cz · www.startitup.sk
[● 2 SOURCES] The Guardian reported that olive‑oil prices could rise again after a brief calm. www.shqipmedia.com · www.e15.cz