Photo: UnsplashIn March, RNZ warned of a global shortage of olive oil and in turn, higher prices at the checkout. According to Foodstuffs, olive oil represents roughly 40 to 50 percent of New Zealand's total oil sales, making it a hugely popular grocery item. Locally produced olive oil only makes up about 10 percent of what is consumed in New Zealand, and while the price of New Zealand olive oil has not increased at nearly the same rate as what is produced overseas, it still does not come cheap. In addition, increasing labour and material costs across the horticulture industry means local olive oil production "is not a hugely profitable industry", Glover said. What you need to know about olive oilMany people do not know this, but olive oil does not have an infinite shelf life - it expires quite quickly.

Source: Stuff May 16, 2024 10:03 UTC