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by nudgeOrnurture 331 days ago
have you been on the grounds of the olive oil producers? they had to increase prices because crisis talk and civil conflicts increased prices elsewhere. even unrelated prices cause increases up the graphs in all directions. it's mostly lies, of course, but they catch up.

don't take my word on it, obviously, but the math checks out "if you follow the money". essentially, logistical cost increases as well as oil and insurance prices were the determining factors, not extreme weather. despite zero change in the scarcity of any of the factors. (they found more oil etc)

crisis talk was also the reason for increased demand in some countries as idiots started to stock up and panic buy. I remember buying flour at a local producer and she said "they are all fucking crazy, nothing changes". the Russians were still stuck for days in front of the border in a long convoy, wahahaha, according to the news.