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Old May 14, 2023 | 9:07 pm
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Eastbay1K
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Originally Posted by bensyd
I can buy the generic supermarket Australian olive oil for AU$9.30/litre so about US$6.20. The base Spanish olive oil is AU$9.50/litre. Seems unlikely they are selling olive oil at a loss in the supermarket. Hard to reconcile the prices being quoted in the article with the prices I see.
First of all, you're likely buying oil from the harvest of either of the past two years. Second, you're buying oil that probably already had a contract price that isn't affected by today's price.
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