Olive harvests have continued to fail in Europe due to record-breaking droughts that occurred from October to last year, and the effects of this are becoming even greater in Japan. Olive oil prices will go up all at once starting in May, and supermarkets are already experiencing shortages.
In Europe, due to the record drought of the year before, and the lack of rain last year, olive fruits from Spain and Italy have failed for two years in a row. As a result, Japanese food manufacturers have been forced to raise the prices of olive oil. This year, we decided to start with the deliveries due in May.
The price increases for household products are 32% to 66% for J-Oil Mills, 23% to 64% for Nisshin Oilio Group, and 950 yen or more per kilo for Showa Sangyo.
The impact has also been felt on the retail front in the form of product shortages.
OK, a supermarket chain in the Tokyo metropolitan area, has temporarily stopped purchasing its main product, olive oil, which it had been importing from Italy, and there is no set date for when it will resume operations.
The company is taking measures such as developing and selling a product that mixes olive oil and rapeseed oil.
Tetsuya Yamamoto, a buyer at the Food Division, said, ``Prices have increased to an unprecedented extent in the past.We want to prevent a situation where it becomes difficult for customers who regularly use olive oil to obtain it.'' I was there.