In Spain, which experienced a drought in the summer of 2012, the olive harvest is predicted to be down by as much as 60 per cent this year compared to last – from 1.6 million tons to 700,000 tons.
This has created a shortage in extra virgin olive oil and pushed up prices as a result.
[. . .]
But because Spain normally provides between 40 and 60 per cent of the world's supply, there are fears there will not be enough olive oil this year to meet worldwide demand.
Few things are tastier than a piece of crusty bread dipped in a splash of EVOO infused with garlic and Parmesan. Oh, Lord, I'm making myself very hungry here.