Debt hit countries suffer from olive oil price dip

Views 1

Some of the countries that are struggling most with the eurozone debt crisis - Greece, Spain, Portugal and Italy - now find themselves also facing an oil crisis - olive oil that is.

Prices have fallen to their lowest in a decade.

Southern European consumers are buying cheaper sunflower oil, which is cutting demand, while on the supply side a bumper crop in Spain has created a glut.
...
http://www.euronews.net/

Share This Video


Download

  
Report form