Outrage over 'ridiculous' Woolworths price hike: Why is olive oil so expensive now?
By
VanessaC
- Replies 12
Many supermarket staples have been hit with a price rise lately–and it seems olive oil has become the latest victim of inflation.
Recent reports of a price hike for a one-litre Woolworths’ home brand olive oil have sparked outrage from Aussie shoppers. The price has skyrocketed to $10–up $1.20 in just 12 months!
So what’s behind this price hike? The hot temperatures in Spain–where the olives for the Woolworths bottle are sourced from–have meant a reduction in supply. This, along with an 'unusually cold and short' growing season for Australian suppliers, has increased production costs.
On the other hand, according to a spokesperson from Coles, another price hike is likely later in the year. Though, it is unclear if it is because of the same factors–such as hot weather in the Mediterranean region where they source their olives–or other markets anticipated to be at play. Olive oil at Coles is currently priced at $12.
Olive oil doesn’t have to be expensive, though: savvy shoppers can often score discounts on premium brands in the supermarket. Alternatively, you can check out the cost per volume of different product sizes in the aisle–larger containers are often cheaper!
Alternate Less Expensive and Healthy Cooking Oils
With olive oil prices heading north, it might be time to explore other budget- and health-friendly options! If you have been embracing one brand of oil in the kitchen too long, it might be the right time to diversify your pantry. High-quality oils that cost less per litre can still make your food taste amazing–your heart will thank you too!
Avocado oil has decreased in price recently and is packed with nourishing vitamins. It has a lovely creamy taste and is great for high-heat cooking, making it a perfect sub for olive oil. Avocado oil is currently on sale at Woolworths.
Then we've got canola oil, a solid all-rounder with a neutral taste. It's often cheaper than olive oil and has less saturated fat than other cooking oils.
Don't disregard the good ol' sunflower oil, either. This budget-friendly option has a high smoke point, making it perfect for frying. While it isn’t as nutrient-rich as olive oil, it contains vitamin E and Omega-6 fatty acids, which offer great benefits for your heart. Its price has recently dropped from $4.50 to $3.95 at Woolworths!
Share your tips, brands you swear by, and favourite recipes using these alternate oils in the comments section below. Happy cooking, dear members!
Recent reports of a price hike for a one-litre Woolworths’ home brand olive oil have sparked outrage from Aussie shoppers. The price has skyrocketed to $10–up $1.20 in just 12 months!
So what’s behind this price hike? The hot temperatures in Spain–where the olives for the Woolworths bottle are sourced from–have meant a reduction in supply. This, along with an 'unusually cold and short' growing season for Australian suppliers, has increased production costs.
On the other hand, according to a spokesperson from Coles, another price hike is likely later in the year. Though, it is unclear if it is because of the same factors–such as hot weather in the Mediterranean region where they source their olives–or other markets anticipated to be at play. Olive oil at Coles is currently priced at $12.
Olive oil doesn’t have to be expensive, though: savvy shoppers can often score discounts on premium brands in the supermarket. Alternatively, you can check out the cost per volume of different product sizes in the aisle–larger containers are often cheaper!
Alternate Less Expensive and Healthy Cooking Oils
With olive oil prices heading north, it might be time to explore other budget- and health-friendly options! If you have been embracing one brand of oil in the kitchen too long, it might be the right time to diversify your pantry. High-quality oils that cost less per litre can still make your food taste amazing–your heart will thank you too!
Avocado oil has decreased in price recently and is packed with nourishing vitamins. It has a lovely creamy taste and is great for high-heat cooking, making it a perfect sub for olive oil. Avocado oil is currently on sale at Woolworths.
Then we've got canola oil, a solid all-rounder with a neutral taste. It's often cheaper than olive oil and has less saturated fat than other cooking oils.
Don't disregard the good ol' sunflower oil, either. This budget-friendly option has a high smoke point, making it perfect for frying. While it isn’t as nutrient-rich as olive oil, it contains vitamin E and Omega-6 fatty acids, which offer great benefits for your heart. Its price has recently dropped from $4.50 to $3.95 at Woolworths!
Key Takeaways
- The price of Woolworths' one-litre bottle of olive oil has increased to $10, up $1.20 in just 12 months.
- The price hike is due to adverse weather conditions in olive-producing countries like Spain, impacting supply.
- Coles announced that due to the 'worst harvest in 20 years' another price hike is likely later in the year.
- Savvy shoppers recommended checking other stores such as the Reject Shop for cheaper prices, and looking at cost per volume on supermarket shelf tags.
Share your tips, brands you swear by, and favourite recipes using these alternate oils in the comments section below. Happy cooking, dear members!