`Demand for Olive Oil in Spain Rises as Country Goes Into Coronavirus Lockdown

Europe

Demand for Olive Oil in Spain Rises as Country Goes Into Coronavirus Lockdown

Mar. 19, 2020
Daniel Dawson

Recent News

Olive oil is among the most in-demand food prod­ucts in Spain as the coun­try faces an unprece­dented health cri­sis due to the spread of the COVID-19 coro­n­avirus, accord­ing to the pres­i­dent of the country’s national agri-food coop­er­a­tive.

Olive oil bot­tlers are work­ing 24 hours per day in three shifts with­out stop­ping the fac­tory,” Ángel Vil­lafranca told El Diario.

Accord­ing to data released by the global mar­ket­ing research firm Nielsen, olive oil pur­chases rose by five per­cent in the last week of Feb­ru­ary, com­pared with the same period last year. The last week of Feb­ru­ary is widely con­sid­ered to be the first week of the health cri­sis in the coun­try.

Pur­chases also increased in the first week of March, ris­ing by 0.9 per­cent rel­a­tive to the same period last year. Nielsen ana­lysts par­tially attrib­uted this slow down to gov­ern­ment rec­om­men­da­tions that peo­ple stay at home to help stem the spread of COVID-19.

Out­side of Italy, Iran and China, Spain has been the hard­est hit by the pan­demic, report­ing 767 deaths and 17,147 con­firmed cases at the time of writ­ing.

Advertisement

Since the imple­men­ta­tion of the state of alarm’ by Prime Min­is­ter Pedro Sanchez on March 13, olive oil demand has slowed as even fewer peo­ple ven­ture out to the super­mar­ket, but bot­tlers con­tinue to work as quickly as ever to keep store shelves stocked at home and abroad.

We are not only talk­ing about Spain but we are also export­ing a good part of our prod­ucts,” Vil­lafranca said. In Italy, Span­ish trucks con­tinue to cir­cu­late and go daily to ware­houses.”



Related News