Spanish olive oil producers say big supermarkets are making huge profits at the expense of consumers by making a 59% margin over the initial price.
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00:00Heat waves and drought have been crippling olive oil production in recent years.
00:05Spain, the world's largest olive oil provider, expects production to drop by 50 percent in 2024.
00:13On top of creating a perfect breeding ground for counterfeit products,
00:18shortages sent prices through the roof. A study by farmer association Uñoyauradora
00:25argues supermarkets increased margins over producers by 75 percent over last year.
00:43Supermarkets deny inflating prices.
00:56Consumer organizations say prices remained high despite the complete
01:02elimination of VAT on olive oil in Spain since July the 1st.