Olive oil farmers are starting the season suffocated by costs: "There is no profitability"

In October, the campaign for this basic item in the shopping basket of millions of Spaniards begins, with the sector concerned about the economic performance of their crops.

Gone are the days when the price of olive oil in Spain was at or even above ten euros per liter. The value of this staple in the shopping basket in Spain is now between Today, with a turbulent international outlook, farmers are no longer only looking to the sky and the land; they are also watching international quotations. The responsible factors: agricultural diesel and fertilizers. The first has increased by 45% since the beginning of the war in the Middle East. Farmers' organizations have denounced that this is an "unsustainable increase." A tractor consumes about . The price of diesel is at a minimum of 1.5 euros per liter, which implies a consumption of 150 euros In the case of fertilizers, the increase has ranged from 20% to 30% since February. To give an example, a few months ago, ammonium nitrate, which is used to nourish certain crops, cost 53 cents more VAT. Currently, some farmers report that they are already buying it at 85 cents plus VAT, Agricultural diesel is ...