'A drop in demand could cause prices to fall, however it is expected they will remain high due to poor crop production and quality.'
Last month, it emerged that the price of olive oil was expected to soar beyond £2.
Silvio Bandinelli, of the Tuscan Olive Growers Coop, said: ‘The new oil will cost 2-3 euro more per litre compared to last year, or an average of 10 euro a litre.'
Prices of extra virgin Italian and Spanish oil have been rising throughout the year, but new data from commodity analysts Mintec revealed a 30 per cent month-on-month surge in recent weeks. 
Italy is currently the largest exporter of olive oil while Spain is the largest producer.
The latest report suggests that the key problem with this year's crops was the above-average dry and warm weather throughout the Mediterranean olive growing belt in May and June.

Bad crop: Trees in Italy continue to suffer from an olive fruit fly that lays its eggs in the olive and feeds on the fruit. When hatched, the larvae tunnels its way out, gnawing at the flesh ultimately destroying the fruit
This affected the olive trees during the blooming period when moisture is vital to ensure olive growth and the eventual oil yield.
However, the problem was compounded in Spain as trees were already under stress as a result of record output of production last year.
In addition, trees in Italy continue to suffer from an olive fruit fly that lays its eggs in the olive and feeds on the fruit.
The olive fruit fly or Bactrocera oleae, lays its egg in a hollow in the olive and when hatched the larvae tunnels its way out gnawing at the flesh destroying the fruit.
Only those larger farms with technical prowess to treat their trees with pesticides manage to reduce their losses.
Brussels has recommended that about 11million olive trees in southern Italy, many centuries old, be chopped down.
They have been infected with Xylella fastidiosa, a bacterium spread by an aphid. The disease, first identified in the Americas has already wiped out a million trees in Salento, southern Puglia.
It is feared that unless drastic action is taken to fell the groves, the bacterium will spread to other olive-producing regions of Italy such as Tuscany and Umbria, and even to other Mediterranean countries.相关的主题文章：


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