Record Prices Take Toll on Europe’s Love of Olive Oil
A worker removes leaves and branches from harvested olives for olive oil production near the village of Yerakini, Halkidiki, Greece.
Photographer: Konstantinos Tsakalidis/BloombergSoaring prices are curbing Europeans’ love for olive oil.
The region is home to two-thirds of the world’s olive-oil production and is a huge consumer. The condiment has been grown there for millennia and forms an important part of Mediterranean cuisine and culture.