The precipitation in recent days have made it possible to alleviate the effects of drought in the main olive areas in Spain. Currently, olive trees are pushing normally and the prospects for the next season are good. These rains have led to the prices of olive oil prices, reports The reason.
last week, the extra virgin was 3,800 euros per tonne, the Virgin at 3,092 euros, and the lamp at 2,791 euros, according to data from Poolred System from the Fundación del Olivar. A downward trend confirmed by OleoeStepa data. A little over a year ago, the prices of extra virgin olive oil reached more than 9,000 euros per ton.
To read: Morocco: Finally a (real) decrease in the prices of olive oil
Like olive oil, cereals, such as tender wheat, fodder wheat and barley, recorded decreases last week, especially in the Salamanca, León or Toledo markets. A trend that is explained by the superiority of supply in the face of demand and massive import of low -cost products.
The same is true for eggs whose prices have dropped to record levels due to the avian flu that rages in Europe. On the other hand, the trend is upwards for almonds, cattle and sheep. The exports of cattle to Morocco and Algeria also exploded due to Eid Al-Adha, celebrated in early June in these countries. However, Morocco did not usually celebrate the party this year due to the appeal of King Mohammed VI.
