Prices are booming, theft is up, rainfall is nearly nonexistent and temperatures are breaking records in Spain, the world’s largest producer of olive oil.
the North American Olive Oil Association, followed by Spain and Italy. Greeks consume about 20 liters of olive oil per person each year, compared to about 1 liter per American. The size of the United States compared to other nations, however—only about 10.6 million people live in Greece compared to 331 million in the U.S.—makes the nation a major consumer: The
said American imports usually make up about 30% of the global olive oil trade, and that number is expected to rise to between 35% and 37% this year.A theft of about 50,000 liters of extra virgin olive oil left one of the nation's family-owned mills, Marin Serrano El Lagar, out about $450,000, local newsthat stealing in bulk, rather than bottles, makes tracking the oil particularly hard.
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