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Buyer's Brief – Olive Oil Markets Set To Rise?

Published on Jul 21 2020 12:25 PM in Supply Chain tagged: Trending Posts / olive oil / olives / Paywall / Cost Insights / Nick Peksa

Buyer's Brief – Olive Oil Markets Set To Rise?

With COVID-19 not the only factor at play in the Olive Oil sector, Nick Peksa of Cost Insights examines the industry’s prospects. This article first appeared in ESM Issue 4 2020.

Earlier this year, crude oil prices went negative for the first time in history. It was quite a surprise when the markets dramatically crashed; of course, this was followed by one of the biggest rallies the industry has ever seen.

The continuous period of reduced demand due to COVID-19 has resulted in US oil inventories rising to a record 538.1 million barrels.

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