Page 34 - Londra Gazete Sayı 1118

Londra Gazete, 11 August 2022 LondraGazete.com/English 7

Supermarkets issues shoppers

warning over olive oil prices

SHOPPERS who pick up their new their contracts. of the heatwave on production
groceries in some of the UK's big- The company's export manag- was "drastic", as Spain is forecast-
gest supermarkets have been sent er, Miguel Colmenero, said cus- ed to only produce as little as one
a warning that they could see ol- tomers could see prices rise by million tonnes of olive oil this
ive oil prices soar in the next few 20-25%. season - despite producing 1.4
months. The supplier usually sells million last year.
The cost of food has been stead- around 20,000 tonnes a year The heatwave and halt in pro-
ily rising recently, with shoppers in the UK and packs own-label duction has had an impact on
being floored by the rising costs brands for Sainsbury's, Tesco, global prices as extra virgin olive
on Lurpak butter and fish fingers Waitrose, Morrisons and Asda. oil rose to its highest level so far
when they are out for the shop. The supermarkets also stock its this year, up by 7.3% on the pre-
And now they have been warned La Espanola brand, which is the vious month and 14.2% on the
that olive oil costs could soar by third biggest in the UK. previous year, according to Mint-
around 25% due to a fierce heat- Mr Colmenero said the impact ec Research Group.
‘Energy bills expected to wave in Spain that is halting pro-
duction of the cupboard staple,
hit £4,200 in January’ reports BBC News.
The country, which current-
ly produces nearly half of the
ENERGY bills are expected to rise pected to hit £4,266 before contin- world's olive oil, has been expe-
even further this winter than previ- uing to rise in April to £4,427 - the riencing extremely high temper-
ously thought, according to the lat- previous forecast was for £3,729 in atures, dry conditions and a lack
est forecast from energy consultancy April. of rainfall. It is these conditions
Cornwall Insight. This October's price cap will be an- that have been impacting crops
Bills are now expected to reach nounced by energy regulator Ofgem as olive tree's have been unable to
approximately £3,582 a year for the on 26 August. grow new branches.
average household from October - Cornwall insight said it had in- Acesur, which supplies the UK's
up from the £3,359 predicted earlier creased its forecast due to the contin- biggest supermarkets, told the
this month. That compares to the uing rise in wholesale prices and an BBC that the halt in production
price cap last October of £1,277. expected change in how the energy would be fed through into prices
From January, the amount is ex- price cap is calculated. across companies when they re-