Olive oil prices expected to rise as European crops suffer heat

Olive oil prices are set to climb again as extreme heat, drought and wildfires damage crops across Europe, farmers warn. Production losses span salad leaves, wine grapes, cereals and sunflowers, with the EU cutting harvest forecasts. Olive groves have burned in Greece, Italy and Portugal, and UK extra virgin olive oil already averages above £7 a litre. Producers warn costs will keep rising.