10 Wed.
Crisis in the Olive Oil Industry: Shortages and Soaring Prices
공급 부족과 가격 급등에 직면한 올리브 오일 업계의 위기
The olive oil industry faces unprecedented challenges, with shortages, driving prices to all-time highs and instigating a surge in related crimes.
This essential commodity, often referred to as "liquid gold," has experienced a significant drop in production.
The decline is attributed to extreme weather conditions exacerbated by climate change affecting the yield of the harvests.
faces unprecedented challenges 전례없는 난관에 직면해있다
instigating a surge in related crimes 관련 범죄 급증을 유발하는
essential commodity 생필품
the yield of the harvests수확량
As a result of the production shortfall, market dynamics have shifted dramatically.
Prices have spiked, with the cost of extra virgin olive oil in key regions like Andolusia reaching notable highs.
Despite a recent slight decrease in prices due to favorable weather and marginally improved production forecasts for Spain, the overall market remains volatile.
production shortfall 생산 부족
market dynamics 시장 역학
reaching notable highs 눈에 띄게 오르는
marginally improved production forecasts 미미하게 개선된 생산 전망
remains volatile 여전히 불안정하다
Industry analysts predict continued price instability and potential spikes as global reserves dwindle, keeping the market on edge.
The broader implications of the olive oil shortage are severe, extending beyond immediate price increases.
The environmental challenge is compounded by the rising incidence of theft, as criminal elements target this valuable commodity.
continued price instability 지속적인 가격 불안정
as global reserves dwindle 글로벌 보유량이 줄어들면서
keeping the market on edge 시장의 긴장 상태를 유지하는
is compounded by ~로 더욱 악화된다
rising incidence of theft 절도 사건 빈도 증가
criminal elements 범죄 분자들
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