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In the News

Olive Oil Prices Climb due to Summer Shortages

Graham Watson

7th December 2023

This BBC News clip looks at how a drought in Spain has affected olive harvests, and, by definition, the price of olive oil. It's classic demand and supply material, and there's lots of opportunity to consider the effects of the supply side shock on all stakeholders including Spain's largest producer cooperative. Spain is Europe's largest producer and exporter of olive oil.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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