- Walter Zanre, director of Filippo Berio, has accused supermarkets of exploiting shoppers by delaying reductions in olive oil prices despite falling wholesale costs.
- Zanre stated that his company has lowered prices twice, but these savings have not been fully passed on to consumers, suggesting retailers are expanding their profit margins.
- The price of a 500ml Filippo Berio bottle increased from £3.75 in 2022 to £10.50 at the start of 2025, now standing at £7.50.
- Andrew Opie of the British Retail Consortium responded that retailers operate on tight margins and strive to pass on savings, advising consumers to compare prices.
- Initial price rises were attributed to poor harvests in Spain, the world's largest producer, though improved production forecasts for this year offer hope for more stable prices.
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