{"id":115520,"date":"2023-07-18T09:00:43","date_gmt":"2023-07-18T06:00:43","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/olive-oil-industry-in-crisis-as-europes-heatwave-threatens-another-harvest\/"},"modified":"2023-07-18T09:00:43","modified_gmt":"2023-07-18T06:00:43","slug":"olive-oil-industry-in-crisis-as-europes-heatwave-threatens-another-harvest","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/olive-oil-industry-in-crisis-as-europes-heatwave-threatens-another-harvest\/","title":{"rendered":"Olive oil industry in crisis as Europe\u2019s heatwave threatens another harvest"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/115520\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nThe olive oil industry is \u201cin crisis\u201d, and the heatwave in southern Europe is threatening to inflict the second bad harvest in a row and gaps on shelves this autumn. After a spring heatwave affected flowering in Spain, which produces about half of the global olive crop, the harvest was forecast to be only 28% up on last year, which was the worst in almost a decade. The International Olive Oil Council predicted that the country would produce 850,000 tonnes, compared with 1.3m tonnes in a typical year and just 660,000 last year. That forecast was issued before the current period of high temperatures.<\/p>\n<p>The industry fears that production could end up being even worse as a second heatwave in a week brings temperatures of up to 43C this week to some southern parts of Spain, prompting trees to drop unripe fruits in order to preserve moisture. \u201cIn Spain we already know it is going to be another bad year, but no one has got to grips with the what\u2019s currently happening. The record temperatures are not going to help the situation,\u201d said Walter Zanre, the chief executive of the UK arm of Filippo Berio, the world\u2019s largest olive oil producer.<\/p>\n<p>Zanre said that the probable shortages meant prices were likely to rise further amid similarly poor harvests in Italy and Portugal. Wholesale prices have doubled since the beginning of 2022. In the UK, the retail price of olive oil was up 47% year on year to an average \u00a36.16 for 500ml in May, according to the latest figures from the Office for National Statistics.<\/p>\n<p>Given that the autumn harvest is unlikely to produce new oil until November and that last year\u2019s supplies are expected to run out by September, at present rates of consumption, it is possible that supermarkets could see shortages in the autumn. Tomato producers in Italy are also concerned about the impact of the heatwave, after flooding wiped out more than 15% of the crop planted this year. If the extreme temperatures in the country last longer than a few days, they could damage the remaining crops, which are almost ready for harvest.<\/p>\n<p>Diego Pariotti, the commercial director for exports at Conserve Italia, which produces the Cirio brand of tinned tomatoes and passata, said the group was estimating that production would be down by just 10%, with this year\u2019s second harvest in August more likely to be affected by this week\u2019s heatwave. But Pariotti added that the almost ripe fruits waiting to be picked in the coming weeks could also be at risk of damage if Italy\u2019s heatwave, in which temperatures have exceeded 40C, continued for more than a few days. \u201cMature fruit can be burned,\u201d he said. \u201cThere\u2019s a worry for sure.\u201d<\/p>\n<p>British shoppers are already reining in their spending on olive oil in reaction to the soaring prices and consumption is down by a fifth in the UK, according to analysts at Kantar, but that reduction is unlikely to be enough to offset future shortages. It is understood that some bottlers for supermarkets\u2019 own-label olive oil have already pointed to force majeure clauses in their contracts to allow them to reduce delivery quantities or raise prices.<\/p>\n<p>As the costs of energy, labour and packaging cause the cost of producing bottled oil to rise at a pace that cannot be matched on supermarket shelves, Zanre said small producers were likely to go out of business. Fears for the future have grown as the climate crisis worsens. Filippo Berio has widened the areas it sources olives from, turning to countries such as Turkey and even Chile in order to supplement supplies from traditional growing regions such as Italy, Greece and Spain.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.theguardian.com\/business\/2023\/jul\/17\/olive-oil-industry-in-crisis-europe-heatwave-threatens-another-harvest-spain-prices\">The Guardian<\/a> <\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/olive-oil-industry-in-crisis-as-europes-heatwave-threatens-another-harvest\/\">Olive oil industry in crisis as Europe\u2019s heatwave threatens another harvest<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[425,696,614,2278,4647,606,607,608],"class_list":["post-115520","post","type-post","status-publish","format-standard","hentry","category-news","tag-crisis","tag-europe","tag-heatwave","tag-industry","tag-olive-oil","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/115520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=115520"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/115520\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=115520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=115520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=115520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}