Title: Showa Sangyo Announces Price Revision for Household and Commercial Olive Oil Products Effective from May 1 Delivery, Citing Price Adjustments Due to Drought in Main Olive Producing Regions, Primarily Spain and Mediterranean Coastal Areas – Impact of Suez Canal Route Disruption Also a Factor.

2024年3月1日 Last updated : 2024年3月1日 Nobukuni Kaneyama

On February 29th, Showa Sangyo announced a price revision for their household and commercial olive oil products, effective for deliveries from May 1st. Due to a drought affecting the Mediterranean region, including Spain, a major olive oil producing area, olive harvests have been impacted for the past two years. Additionally, the disruption in the Suez Canal shipping route has further contributed to the price adjustment.

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