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Food basket attack with olive oil and chocolate in the firing line


Business Line

Food basket attack with olive oil and chocolate in the firing line

This week we have decided to focus on food glorious food. It seems likely that we will have to pay more for some of our favourite treats and staples. Olive oil for example.

Olive has seen its prices rise due to unseasonal weather across Europe and insect blight.

Though it’s not just consumers who are taking the hit. The olive oil shortfall could mean another blow to Southern Europe’s troubled economies.

Well, if olive oil could get more expensive, chocolate could disappear altogether. Looks like we all love the stuff so much, that we’re eating it faster than producers can grow the magic ingredient.

In Hungary people may face different problems, like where to buy chocolate and olive oil? As the government is working on new regulatory laws for big supermarket chains.

All that – in this edition of Business Weekly.

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