Quote:
Originally Posted by curves2000
The price of extra virgin olive oil RGMG's. Having done the work myself in harvesting olives, I know how much work it is and the expenses associated with it.
What has really pissed me off is that it's evident that a lot of the larger importers have raised their prices on 2021-2022 harvested stock in the warehouse to reflect 2023 pricing. These costs have now been passed down onto retailers and specialty stores.
Nothing like a 50+ % increase in costs for a product that has a best before date of spring/summer 24 and was harvested when olive oil was less than 3 Euros a kg.
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If the price on 2023 olive olive oil dropped 50% would you buy the 2022 olive oil for the 2022 price?
Commodities have to be sold at the spot price or at the future price. You can’t get the past price either for selling or buying.