Olive Oil Producers Suffer from Falling Prices
Wednesday, September 16, 2009
by Geoff Riley
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For the olive oil growers of Spain falling prices are threatening their very existence. They claim that the supermarkets - who sell 9 out of every 10 bottles - have used their market muscle to drive down the retail price and the growers are barely able to justify continuing production. This is a good short video on the workings of the price mechanism.
Categories: AS Micro Agriculture Commodities Markets European Economy EU Farming and Fishing Market Equilibrium and Price Price Mechanism in Action Price Volatility
Tags: supermarkets, prices, production, oil, spain, olive oil
Tags: supermarkets, prices, production, oil, spain, olive oil
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