Economy

Feb 5, 2013

From flood to famine, and now China wants more oil

After months of economic recession, the people of Spain might have a bigger problem: there's not enough oil to go around. Rising demand overseas has seen a flood turn to shortages.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

Time to start hoarding olive oil? What is your average MasterChef-loving, My Kitchen Rules-obsessed foodie to do?

2 comments

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2 thoughts on “From flood to famine, and now China wants more oil

  1. Clytie

    Why on earth are we worrying about overseas production of olive oil? Australia produces (and exports) excellent olive oil, made with our own olives. Buy local. 🙂

  2. AR

    As with so many other items, why do we import edibles from countries with a different attitude to OH&S, probity & caveat emptor?
    There is no comparison between Oz olive oil and the semi rancid, 7th pressing alimentary lubricant proffered as extra virgin by Italy or Spain.

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