OLIVE OIL MARKET (2000-2005)
The following graph shows Olive oil raw material costs from April 2000 through December 2005.
1. Pricing has increased significantly, especially over the past year. Extra virgin dipped slightly in November, but immediately returned to its highest levels. Overall, pricing is at all time highs.
2. The price spread between extra virgin and pure has narrowed dramatically (they are now virtually the same price).
3. Pomace has increased so much that it is now more expensive than extra virgin was just a few years ago.
Of course, this graph applies to genuine olive oil - watch out for adulterated product circling in the market.