Oil up: Australian extra virgin olive oil hits price parity with European imports

Australian examples are typically more expensive than imported equivalents. While all prices have increased, local products may now be a better dealGet our morning and afternoon news emails, free app or daily news podcastAt Marta, a Roman restaurant and bakery in Sydney's east, Flavio Carnevale has seen "massive" price increases on wholesale olive oil. "We went from buying a bottle of Australian olive oil from $10 a litre, [now we're] looking between $12 to $15 ? It's even worse on the imported ones," the restaurateur says. You're paying up to $18 a litre ... It's huge."The kitchen goes through 10 litres of olive oil a week but the higher prices have forced chefs to be restrained. "You can't just use it like it's on tap," Carnevale says. Continue reading...