The global food market is suddenly under great pressure. It is no longer only wheat, where the situation is very uncertain, but other basic foodstuffs are added, with the supply of which there are considerable problems. As it turns out, everything is to blame for an unprecedentedly bad harvest that affected the harvest of a number of key raw materials.
Bans are multiplying
The problem with the lack of olive oil is currently being solved. One of its main exporters, which is Turkey, has banned its export. The reason for this is the rising price in this country, which the authorities there have decided to defend by preventing exporters from exporting oil, thus leaving more in the stores there. However, this will only transfer the problems further.
As reported by the newspaper Hurriyat, the failure of the harvest is behind everything, also as a result of large fires. At the same time, olives and the oil produced from them are becoming more expensive everywhere. Originally, the export ban was supposed to last only until the end of October, but it was recently extended indefinitely. This does not bode well at all. In addition, Morocco has also joined the export ban, the server said Olive Oil Times.
You may have already noticed high prices in stores. Many customers solve this by looking for cheaper brands and lower quality olive oil, as extra virgin olive oil, for example, is simply unaffordable for many households.
Foto: Shutterstock
Problems with many foods
Unfortunately, in the Czech Republic this is compounded by the ruthlessness of business chains that try to squeeze something out of the problem for themselves. Recently, for example, one of the customers drew attention to the fact that Kaufland was selling very low-quality olive oil for CZK 150, even after a fifty percent discount. Originally it cost exactly three hundred, which in this case was outrageous. In fact, it was oil from scraps, which can be had abroad for literally a few crowns.
Server Relief Web in any case, it draws attention to the risks of a possible food crisis in 2023. This is because several very negative phenomena are converging here. It’s not just olive oil. India, the largest exporter, has already stopped exporting rice. The prices of cocoa, sugar and orange juice also rise quickly.
It is therefore not surprising that in many cases customers are stocking up because they fear that prices will rise even higher. There, they might no longer be able to afford a number of products.
Foto: Shutterstock
2023-10-30 17:27:25
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