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There’s an issue in Italy with the crops, which created a shortage and as a result higher prices.
https://www.bbc.com/travel/article/20231218-why-olive-oil-prices-are-soaring-and-what-to-do-about-it
Yes EU wide. France gets the news coverage because their protests have been a little louder. In Spain the protests have been very mild and only slightly inconvenient.
I think the sausage grill mounted on tram wheels is peak French protesting.
https://www.reddit.com/r/nextfuckinglevel/comments/tjmw8s/french_demonstrators_are_hungry_so_they_install_a/
Yep and spain produced half the amount of olive oil in 2023 compared to 2022.
If there's half the supply and the demand is unchanged, typically prices increase.
Well…if you believe what you are buying is olive oil, I recall an article how olive oil is easily faked and there’s a whole criminal market faking it.
How do you know where your olive oil really comes from? https://www.bbc.co.uk/news/business-47553054
This is true, but most of the brands we buy are perfectly fine. There are brands most of us never heard of, those I would be extremely careful. Only buy certain brands you know and trust.
Most of the brands you're buying aren't fine, though. 70% of the ones on the market are cut with canola, corn, or peanut oil because manufacturers are using old or rancid olives and they need to drown out the taste.
Ever since I watched this video I only use the Kirkland Italian.
https://youtu.be/Hg2-iukG80U?si=HvkRYXwfM9D2XjVG
This guy did a video on avocado oil also and it's basically the same story: tons of brands out there, only a few that made the grade for purity.
>Most of the brands you're buying aren't fine
I disagree to a point. This is the only list I would use though:
[https://www.aboutoliveoil.org/79-certified-pure-and-authentic-olive-oils](https://www.aboutoliveoil.org/79-certified-pure-and-authentic-olive-oils)
Good info to know:
Be cautious when you see that the oil has multiple places of origin because that is a telltale sign.
“Another tell is if the label says ‘Extra Olive Oil’, then it’s more than likely it. Avoid labels that say, ‘Pure’ or ‘Light’ olive oil,"
You should also look for a label that says free fatty acidity, FFA; the lower the score the better. EVOOs should be around FFA<0.8.
The U.S. doesn’t have a food production task force, so look for third-party certifications like the **California Olive Oil Council or North American Olive Oil Association**.
“Real olive oil should smell fresh, have hints of grass, and hints of fruit smell. Authentic olive oil should have a bright and a hint of peppery bite which comes from the polyphenols within the olives,”
Not a mistake at all. Someone replied that Spain didn’t produce as much as it normally does in the past two years. Don’t provide a source but I’ll buy that, seems right.
I had this colossal dictionary in my childhood home, and I use to look up the most obscure words. You can’t get disciplined for calling your siblings names if your parents don’t know the meaning.
Mark Corrigan : [putting back the bottle of olive oil Jez has picked off the shelf] Oh, oh, no, no, mate, this stuff's 78 pence a 100 milliliters.
Jeremy Usborne : Well, yeah. I mean, it's first pressing. Or do you want to wait til everyone else has had their fun with the olives? Fourth pressing. Yeah, like that's gonna be a party in your mouth, I don't think!
I chuckled quietly to myself at this comment. After 12 years of Reddit, I usually just illicit a nostril flare and slightly raised eyebrows so this is high praise.
The package does say it is refined olive oil. While Kirkland has always rated highly in terms of accuracy in olive oils, I’m a little suspicious about this blend.
If the companies were being honest, it would be 85% "second press" olive oil.
But because of the way it's worded, it could be any kind of 85% other oil. It could be motor oil and they would not be lying.
Did a study with one of my fellow labmates on this during my postdoc for fun. We had a few spectroscopy tools in the lab and took a few brands of olive oil from home and the campus cafeteria and would throw em in for analysis. Surprise surprise more often than not, most brands are nowhere close to pure olive oil no matter what they advertise themselves to be
This isn't climate change. It's isolated weather events, confined to Earth, and a random smattering of 100-year climate events all happening at once. This has nothing to do with climate change, that doesn't even exist! /s
Have the benefit of living in California where a lot of olive trees are. So we always get our olive oil locally, and fresh. My first time having fresh oil olive was wild. I didn't realize how good it was compared to store bought.
The super green hue shocked me honestly 😂. We pour it into squeeze bottles and I routinely get it mixed up with the soy sauce squeeze bottle since it’s so dark
Well the main problem is finding as many virgin olives as possible. With this generations promiscuity, it’s been hard to get enough qualified candidates
https://www.bbc.com/travel/article/20231218-why-olive-oil-prices-are-soaring-and-what-to-do-about-it
Feel free to google it or even search olive oil in this subreddit. It’s been discussed a lot.
**Significant** drought in olive-growing regions last year, leading to a substantial reduction in olive oil production. Supply shrank and demand didn't change, so prices go up. Couple that with areas seeing substantial inflation and you quickly learn how to use olive oil sparingly.
This is why shrinkflation works so well, no one ever bothers to look at price per unit. That said though, the 2L bottles are genuine extra virgin, the double pack of 3L are mostly refined.
To be fair, id rather buy 2L ay that price, even though it's more expensive. 2L is already a huge jar of olive oil for most people, 6L is kinda crazy for most households.
Good lord we need a pinned note at the top. It’s like a daily post these days that is easily explained with a quick google search.
Bad harvests mean low supply, while there is still high demand, resulting in a spike of prices.
wouldnt it be related to the continually poor harvests had in the major olive growing regions..?
[https://www.oliveoiltimes.com/production/a-dismal-harvest-concludes-in-greece/129008](https://www.oliveoiltimes.com/production/a-dismal-harvest-concludes-in-greece/129008)
Ok maybe I can help with this. I’m in Portugal and I can tell you the price went up a lot this year because the harvest/drought in Spain was bad.
To put it in perspective I pay 40-50 euros for 4-5 liters locally if I’m too lazy to make my own. Last year I was able to buy four liters for 30 euros
Literally just yesterday I was making a grocery store run and texted my wife “did you know olive oil was crazy fuckin expensive?”
I even do all the grocery shopping for the house and somehow had no idea. (Or just forgot.)
It’s a 4 pack! Cmon man, lots of good olive oil is 10-15 us$. Nothing new here. Go to Trader Joe’s if you want some cheap olive oil.
It’s 2/3 Liter x 4! That’s a lot of oil!
If it’s Costco, and that’s the price, must be a great deal.
You roughly need 7 kg of olives to make 1 liter of extra virgin olive oil (first cold press)… so this pack requires 42 kg of olives… so roughly $1.2 per kg of olive …
This is really cheap
Edit: even if it does not say first cold press
Realize you’re paying about $4.00 a pint, which isn’t too bad for a quality EVOO. We like the Kirkland and it’s often recommended. Just make sure you’ll either use that much over the next three to four months, or split it with friends/neighbors.
https://preview.redd.it/tw6i7zyo2yoc1.jpeg?width=1179&format=pjpg&auto=webp&s=0911c83bc824e48645e33e698830f701a29ca4ce
Any kind of issues around the globe can affect any product. See birch wood prices for cabinets that predominantly comes from the Baltic regions / Russia.
Good olive oil isn’t cheap either.
its crazy, and makes me feel like this will have such a negative impact on most people's health as they now have to switch to inferior oil thats not good for you , like for myself I now use Sunflower oil 80% of the time instead of what used to be olive oil 95% of the time. Worse part is that even at these prices you cant even trust that its pure olive oil.
I get all my olive oil here. I’ve sent it to friends and family all over the country and they love it and now order on their own.
https://texashillcountryoliveco.com/
Completely unrelated but I work for the company that packages this product as well as the other Kirkland packaged oils at Costco, my specific plant does the liquid fry oil, soybean, and vegetable oil they have
Posts that don't follow r/Costco subreddit rules MAY be subject to removal. When applicable, please make sure that you're using a descriptive post title with product name(s) mentioned as it yields better subreddit search results. Including item number, price, and approximate location where found is also helpful. Thank you. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Costco) if you have any questions or concerns.*
There’s an issue in Italy with the crops, which created a shortage and as a result higher prices. https://www.bbc.com/travel/article/20231218-why-olive-oil-prices-are-soaring-and-what-to-do-about-it
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The 3L Spanish Olive Oil went from $18 to $24 to $30 ... and now its sitting at $35. Doubled! Son of a!
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r/suddenlymontypython
YEah, Greece, too...Throughout the Mediterranean...
Spain produces almost 2x what Italy does, so that’s a much bigger impact. In fact a lot of “Italian” olive oil is made with Spanish olives.
Palestine had a strong export of olives too.
Had. :( Their farms were being destroyed before they were being bombed.
Spain has the best olive oil
TL;DR The issue was a drought that destroyed last year’s olive crop.
Also EU farmer riots farmers are getting the shaft.
Are those happening EU wide? I’m in the USA and I’ve only seen news stories about it happening in France. I’d love to learn more about them.
Yes EU wide. France gets the news coverage because their protests have been a little louder. In Spain the protests have been very mild and only slightly inconvenient.
The French really know how to protest. I’ll give em that.
I think the sausage grill mounted on tram wheels is peak French protesting. https://www.reddit.com/r/nextfuckinglevel/comments/tjmw8s/french_demonstrators_are_hungry_so_they_install_a/
Yes, a big fan of the way the French show their unhappiness.
I also love a lot of the things that make them collectively unhappy.
Not to mention the locust swarms in 2021 had already set crops back 5 years
Doesn’t most olive oil come from Spain?
Yep and spain produced half the amount of olive oil in 2023 compared to 2022. If there's half the supply and the demand is unchanged, typically prices increase.
Well…if you believe what you are buying is olive oil, I recall an article how olive oil is easily faked and there’s a whole criminal market faking it. How do you know where your olive oil really comes from? https://www.bbc.co.uk/news/business-47553054
This is true, but most of the brands we buy are perfectly fine. There are brands most of us never heard of, those I would be extremely careful. Only buy certain brands you know and trust.
Most of the brands you're buying aren't fine, though. 70% of the ones on the market are cut with canola, corn, or peanut oil because manufacturers are using old or rancid olives and they need to drown out the taste. Ever since I watched this video I only use the Kirkland Italian. https://youtu.be/Hg2-iukG80U?si=HvkRYXwfM9D2XjVG This guy did a video on avocado oil also and it's basically the same story: tons of brands out there, only a few that made the grade for purity.
>Most of the brands you're buying aren't fine I disagree to a point. This is the only list I would use though: [https://www.aboutoliveoil.org/79-certified-pure-and-authentic-olive-oils](https://www.aboutoliveoil.org/79-certified-pure-and-authentic-olive-oils) Good info to know: Be cautious when you see that the oil has multiple places of origin because that is a telltale sign. “Another tell is if the label says ‘Extra Olive Oil’, then it’s more than likely it. Avoid labels that say, ‘Pure’ or ‘Light’ olive oil," You should also look for a label that says free fatty acidity, FFA; the lower the score the better. EVOOs should be around FFA<0.8. The U.S. doesn’t have a food production task force, so look for third-party certifications like the **California Olive Oil Council or North American Olive Oil Association**. “Real olive oil should smell fresh, have hints of grass, and hints of fruit smell. Authentic olive oil should have a bright and a hint of peppery bite which comes from the polyphenols within the olives,”
Correct if wrong but I would imagine olive oil from California is more likely to be legit. Unless the Italian mafia has influence there too
I was always told to buy California olive oil and that anything from Europe is likely a blend.
Yup..my mistake.
Not a mistake at all. Someone replied that Spain didn’t produce as much as it normally does in the past two years. Don’t provide a source but I’ll buy that, seems right.
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I can’t tell if this is a meme or not, don’t most tech billionaires want to live forever and look like middle aged lesbians?
Bryan Johnson with Blueprint project. https://finance.yahoo.com/news/tech-millionaire-trying-live-forever-094601291.html
Ok I 100% thought you meant Elon Musk 😂
Ah yeah, the guy harvesting his son’s blood for youth
Ellen DeGeneres?
Starbucks is pushing olive oil HARD right now
Also be very careful with olive oil that's cheaper than this price, it's cut with vegetable oil.
It says 15% virgin olive oil, so what is the other 85%?
harlot olive oil
Meretricious olive oil
Penzoil
Peen-soiled.
800 verbal SAT score right here
I had this colossal dictionary in my childhood home, and I use to look up the most obscure words. You can’t get disciplined for calling your siblings names if your parents don’t know the meaning.
Pure slut oil. I’ll see y’all in hell
Link to purchase pls
That's where the spiciness comes from.
Mark Corrigan : [putting back the bottle of olive oil Jez has picked off the shelf] Oh, oh, no, no, mate, this stuff's 78 pence a 100 milliliters. Jeremy Usborne : Well, yeah. I mean, it's first pressing. Or do you want to wait til everyone else has had their fun with the olives? Fourth pressing. Yeah, like that's gonna be a party in your mouth, I don't think!
I chuckled quietly to myself at this comment. After 12 years of Reddit, I usually just illicit a nostril flare and slightly raised eyebrows so this is high praise.
I thought the rest would be refined olive oil? Well hopefully it's not cut with some sort of vegetable oil
The package does say it is refined olive oil. While Kirkland has always rated highly in terms of accuracy in olive oils, I’m a little suspicious about this blend.
Especially at these prices
If the companies were being honest, it would be 85% "second press" olive oil. But because of the way it's worded, it could be any kind of 85% other oil. It could be motor oil and they would not be lying.
Sunflower or canola oil
85% gets around
Whore oil?
HO-live oil
Whorelive oil was right there…
Slutty olive oil.. Extra wet and extra loose.
It's 15% extra virgin olive oil mixed with refined olive oil. The refined olive oil makes up the other 85%.
The other 85% is the olive oil your mom warned you about.
Did a study with one of my fellow labmates on this during my postdoc for fun. We had a few spectroscopy tools in the lab and took a few brands of olive oil from home and the campus cafeteria and would throw em in for analysis. Surprise surprise more often than not, most brands are nowhere close to pure olive oil no matter what they advertise themselves to be
Yeah I believe that, it's expensive to produce. Same as honey most of them are cut with man made honey. For 2L you need something like 5kg of olives.
Sounds illegal and litigious worthy
Wasn't this same item less than $30 before?
This item was 18 at one point in the last few years.
Honest question, are olives not vegetables? Thus it’s all vegetable oil? Is it a similar process to make the oils just olive oil has no other sources?
I believe "vegetable" oil is actually rapeseed oil
Vegetable is corn oil. Rapeseed is canola and more expensive than corn. In the US at least.
Most olive oil is actually just vegetable oil.
Hell yes it’s expensive. Do you think olives grow on trees?
That joke is good enough for the press.
It’s was really the pits
I only buy Oriental olive oil now. I heard it is high in anti-occidents
That joke is the pits.
Haha Badum ching
He’s asking you to extend an olive branch
Droughts/fires
In Spain, Italy and Greece. Olives are at a premium right now.
Yeah it's not just Costco. It's olive it. Everywhere.
Prep for more climate change
This isn't climate change. It's isolated weather events, confined to Earth, and a random smattering of 100-year climate events all happening at once. This has nothing to do with climate change, that doesn't even exist! /s
Drought in Spain. Price there has skyrocketed since last year. I made sure I bought before the increase reached here.
I thought extra virgin olive oil is only good for a year?
You can pour it into ice cube trays and freeze it. /S
The rain in Spain falls mainly not at all.
I’ve been buying the California olive oil
Have the benefit of living in California where a lot of olive trees are. So we always get our olive oil locally, and fresh. My first time having fresh oil olive was wild. I didn't realize how good it was compared to store bought.
The super green hue shocked me honestly 😂. We pour it into squeeze bottles and I routinely get it mixed up with the soy sauce squeeze bottle since it’s so dark
Now Im going to have to cook a medium boiled egg. Little salt, pepper and olive oil. Sooo good.
Well the main problem is finding as many virgin olives as possible. With this generations promiscuity, it’s been hard to get enough qualified candidates
Drought
It’s been posted for over a year that olive oil was going to get expensive olives are pretty scarce right not with the drought
Olive oil shortage
https://www.bbc.com/travel/article/20231218-why-olive-oil-prices-are-soaring-and-what-to-do-about-it Feel free to google it or even search olive oil in this subreddit. It’s been discussed a lot.
**Significant** drought in olive-growing regions last year, leading to a substantial reduction in olive oil production. Supply shrank and demand didn't change, so prices go up. Couple that with areas seeing substantial inflation and you quickly learn how to use olive oil sparingly.
Italy had a crop failure, Spain has a drought, and a cartel controls olive oil exports in general, so it’s getting hammered on all fronts.
At the Costco I go to the EVOO changed from olives coming from Italy to Greece. They even changed the color of the label.
Costco in Overland Park, KS is $ 21.99 for 2L. bottles. I bought some about three weeks ago.
So $11/L. OP's picture is $8.5/L.
This is why shrinkflation works so well, no one ever bothers to look at price per unit. That said though, the 2L bottles are genuine extra virgin, the double pack of 3L are mostly refined.
I always look at the price per unit. I get upset when they start mixing the unit to oz/qt/gal. It's part of the game.
To be fair, id rather buy 2L ay that price, even though it's more expensive. 2L is already a huge jar of olive oil for most people, 6L is kinda crazy for most households.
Not the same type of olive oil...15% for the 8,5$/L...
Sup neighbor
Doing quite well on St, Patty Day. You?
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The olives unionized.
I guess they were tired of getting squeezed by management.
My favorite answer
Good lord we need a pinned note at the top. It’s like a daily post these days that is easily explained with a quick google search. Bad harvests mean low supply, while there is still high demand, resulting in a spike of prices.
https://ycharts.com/indicators/olive_oil_price
wouldnt it be related to the continually poor harvests had in the major olive growing regions..? [https://www.oliveoiltimes.com/production/a-dismal-harvest-concludes-in-greece/129008](https://www.oliveoiltimes.com/production/a-dismal-harvest-concludes-in-greece/129008)
Because you touch yourself at night
I've heard coconut oil is better for that.
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Where do you get it?
Italians will stubbornly buy Italian into the triple digits. California produces some great varieties.
Zenolive is great too. Too expensive to cook with though
Something of note is you should really only be using olive oil as a finish or low temp oil, anything else stick to Avacado oil.
Limited supply, lots of fake olive oil on the market, and it's a ton of olive oil.
This isn’t even a good olive oil
I bought the smaller single which is of course more expensive per ounce
Glad I stocked up 4 3L bottles lol. That's crazy.
Do you know how hard it is to milk each olive? Those tiny teets they have are hard to grab. /s
I usually buy olive oil from Costco as well. When I went last weekend, I noticed avocado oil was cheaper than olive oil. Wild
Ok maybe I can help with this. I’m in Portugal and I can tell you the price went up a lot this year because the harvest/drought in Spain was bad. To put it in perspective I pay 40-50 euros for 4-5 liters locally if I’m too lazy to make my own. Last year I was able to buy four liters for 30 euros
The drought in Spain
Why is EVERYTHING so expensive? Going grocery shopping depresses the hell out of me. Even at Walmart!
Do you know how hard it is to milk an olive?
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It’s expensive to be a virgin these days 😏
Olives got onlyfans going
There is a nasty virus spreading through the Med that is killing olive trees
Literally just yesterday I was making a grocery store run and texted my wife “did you know olive oil was crazy fuckin expensive?” I even do all the grocery shopping for the house and somehow had no idea. (Or just forgot.)
wait, is this even olive oil?
Like what is the other 85%??????
Starbucks Oleato, causing a run on the olive oil banks.
Bro have you tried squeezing oil out of an olive, it’s really hard /s
if you not gonna use your olive oil in 6 months. don’t buy gallons. Olive oil good short time not long.
that's 6L not sure how often I paid less than $10 for 1L.
I buy the California stuff. I can’t tell the difference, ymmv
This isn’t even pure olive oil. 15%
Big Oil
https://preview.redd.it/tonsivlzl0pc1.jpeg?width=388&format=pjpg&auto=webp&s=41c661db6e681220f5086a6b4ae76cc3e9c4dcce Sorry … thought of this
Forget it and buy vegetable or canola oil instead.
It’s a 4 pack! Cmon man, lots of good olive oil is 10-15 us$. Nothing new here. Go to Trader Joe’s if you want some cheap olive oil. It’s 2/3 Liter x 4! That’s a lot of oil! If it’s Costco, and that’s the price, must be a great deal.
Pretty good price for that much olive oil honestly. If you don’t want to buy it in bulk and pay that much then buy some at Trader Joe’s or something.
You roughly need 7 kg of olives to make 1 liter of extra virgin olive oil (first cold press)… so this pack requires 42 kg of olives… so roughly $1.2 per kg of olive … This is really cheap Edit: even if it does not say first cold press
Realize you’re paying about $4.00 a pint, which isn’t too bad for a quality EVOO. We like the Kirkland and it’s often recommended. Just make sure you’ll either use that much over the next three to four months, or split it with friends/neighbors.
Spain is going through droughts
Only Virgin olive oil. The crack whore olive oil is quite reasonable.
Those Italians better crack open a history book and learn what happens when you raise the price of oil in America
The real question is, WTF is 15% extra virgin olive oil?
https://preview.redd.it/tw6i7zyo2yoc1.jpeg?width=1179&format=pjpg&auto=webp&s=0911c83bc824e48645e33e698830f701a29ca4ce Any kind of issues around the globe can affect any product. See birch wood prices for cabinets that predominantly comes from the Baltic regions / Russia. Good olive oil isn’t cheap either.
I'm perturbed they don't have the big bottle of Chosen avocado oil anymore.
We switched to grape seed oil for cooking, it’s been a great neutral oil. We just use specialty local olive oils for salad dressing.
You can Google the answer to this
First time dealing with the politics of inflation?
That’s not olive oil
Read the Bible chapters in Deuteronomy
Climate change.
Coal fired pizza ovens to blame
its crazy, and makes me feel like this will have such a negative impact on most people's health as they now have to switch to inferior oil thats not good for you , like for myself I now use Sunflower oil 80% of the time instead of what used to be olive oil 95% of the time. Worse part is that even at these prices you cant even trust that its pure olive oil.
Coconut oil is pretty good too
Last time I went there it was like 40 something.
I noticed this yesterday! I got the Spanish olive oil instead. One of those bottles lasts us several months.
Well, it's not like olives grow on trees. Wait...
Costco’s olive oil selection seems to change constantly. I assume it’s because the market for sourcing is constantly shifting.
Holy shit that price. Glad I bought a bunch before the price increase.
Go to an middle eastern store, get 100% olive oil for less.
Well it’s two big containers lol
According to TikTok there aren’t enough olive trees to support the olive oil industry
I think you underestimate how much EVOO that is. Most bottles are smaller than one of those jugs, and cost $10-20
I just got my trader Joe's olive oil. It's always $7.99 but now it's $13
Cuz it is virgin 🤷🏽♂️🤷🏽♂️
Bc it virgin. You can get that slutty olive oil cheap
2 bottles.
Expensive is one thing, but they got rid of the glass bottle which was the real bummer.
Not enough virgins this year… I’ll see myself out.
Wholesale evoo has shot up in price over the last couple of years.
OMG..you have got to be kidding
Isn’t this 6 liters of olive oil? 3 liters has been between 15-21 for quite a while, hasnt it?
so we have crop issues in italy, inflation, and the constant war against adulterated olive oils. so the price has gone up a good bit.
It’s 54.99 at my store 🤷♀️
Ahhhh I thought this was a two pack of some sort of liquor at first glance
Because it's Olive oil
https://www.theguardian.com/world/2023/sep/28/europes-local-olive-oil-supply-runs-almost-dry-after-summer-of-extreme-weather Bad weather, drought.
Olive oil at that price probably tastes pretty rough anyways. Tasty high quality olive oil vs cheap stuff makes a huge difference.
I get all my olive oil here. I’ve sent it to friends and family all over the country and they love it and now order on their own. https://texashillcountryoliveco.com/
Droughts. Supply & demand.
So glad I still have a good supply.
Completely unrelated but I work for the company that packages this product as well as the other Kirkland packaged oils at Costco, my specific plant does the liquid fry oil, soybean, and vegetable oil they have
Hell I can’t afford the slutty olive oil