Crisis as price of olive oil coninues to soar

The skyrocketing price of olive oil is showing no signs of slowing down as extreme weather in Spain and Putin's war continues to worsen the crisis.

A 'double whammy' impact of war and draught has added fuel to fears that increased shortages of the popular salad dressing will continue with no respite until 2025.

Temperatures in Spain reached up to 40C in April as rainfall has been in short supply, prompting poor harvests. 

As the world's largest olive oil producer 'Spain dictates the market' according to Walter Zanre, chief executive of leading oil brand Filippo Berio.

As a result, the UK's grocer sector has had to act accordingly, raising the prices of olive oil products.