The price of olive oil is surging, page-8

You might want to contact Boundary Bend, Frenched. I hear they have been paying very generous prices for olives lately.

Adrian pointed out earlier a few international news sites reporting on the jump in the olive oil price. Now a prominent Australian news site has reported on the same topic.

Have a look at this story that appeared on the website of one of the Fairfax news sites a few hours ago:

We're about to suffer a worldwide olive oil shortage

An extract from the article:

It might be the saddest quote you read today: "Olive oil is becoming a luxury."

That comes courtesy of Italian chef Francesco Mazzei, who runs the Italian restaurant Sartoria in London. Mazzei depends on olive oil for much of his cooking. But because of a shortage, he says prices are skyrocketing. He's even had to raise menu prices to compensate.

Among chefs in London, it's a common refrain. Ben Tish, who runs a Spanish and Italian tapas restaurant, says he buys about 100 litres of olive oil a week, to top grilled flatbread, mix into aioli and prepare luscious olive oil cakes. He now pays about 13 per cent more, £26 ($42.20) for five litres.

And things are only going to get worse. Experts are predicting a worldwide shortage in the next couple of months, jacking up prices around the globe...

Only one olive oil stock on the ASX: AAP. I suspect we might be seeing a bit more interest in this little company next week.