The price of olive oil varies by a factor of 10! Who is emptying your wallet?
Mr. Zhang was recently puzzled in front of the supermarket shelves: For the same 500ml of olive oil, some are priced at 30 yuan, while others cost 300 yuan. What secrets lie behind this huge price difference? Today, we will uncover the mystery of olive oil prices and see how to buy the most suitable olive oil with the most reasonable budget.
1. Grade determines value
The International Olive Council classifies olive oil into three categories: Extra Virgin Olive Oil (EVOO), Virgin Olive Oil, and Refined Olive Oil. Among them, extra virgin olive oil is produced by physical cold pressing, with an acidity not exceeding 0.8%, and has the highest nutritional value. Its price is usually 2 - 3 times that of ordinary virgin olive oil.
2. Origin premium effect
The countries along the Mediterranean coast are the main producing areas of olive oil:
- Spain: It has the largest output and high cost performance (80 - 150 yuan/500ml)
- Italy: It has a strong sense of design and often has brand premium (120 - 300 yuan/500ml)
- Greece: It offers niche high - quality products with a unique tannin flavor (150 - 400 yuan/500ml)
The following are the average market prices for common specifications (data collected from Zhongshitong Market Research):
- Extra Virgin Olive Oil: 80 - 400 yuan/500ml
- Blended Olive Oil: 40 - 120 yuan/500ml
- Organically certified products: 30% - 50% more expensive than conventional products
- Luxury - light packaging series: The premium for gift boxes can reach 100%
Ms. Li's painful lesson: Last year, she bought an "imported from Italy" olive oil for 280 yuan, but later found that the origin was actually Tunisia. Remember these key points for selection:
- Look for the PDO (Protected Designation of Origin) label
- Check the acidity label (Extra Virgin ≤ 0.8%)
- Dark - colored glass bottle packaging is more conducive to preservation
- The closer the production date, the better (the shelf life is usually 2 years)
When seeing a 300 - yuan bottle of olive oil, you might as well ask yourself:
- Is the extra money spent on better quality, or just for the packaging and the story?
- Is it more reasonable to use mid - range products for daily cooking and high - end products for special occasions?
- Is it really cost - effective to stock up during supermarket promotions? (The best flavor is within 3 months after opening)
- Further Reading
- Do You Really Understand the Prices of International Freight Forwarding?
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- Don't be silly anymore! Does a higher price of skincare products necessarily mean better quality?
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- Is the price of imported bearings really 8 times higher than domestic ones? Crazy!
- What do you know about the agency price for handling import and export tax rebates?
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