As olive oil prices rise, crime gangs target 'green gold'

3rd May 2006, Comments 0 comments

3 May 2006, MADRID — Olive oil has become almost a luxury product in Spain as prices have risen by 44 percent in the past year.

3 May 2006

MADRID — Olive oil has become almost a luxury product in Spain as prices have risen by 44 percent in the past year.

The average price of what is now known as Spain's 'green gold' is EUR 4.5 per litre compared with EUR 3.14 this time last year.

But the rising prices have not escaped the notice of organised criminal gangs who have mounted a series of raids on olive oil plants in Andalusia in recent months, stealing at least 500,000 litres. 

In the latest raid, thieves cut pipes and siphoned 100,000 litres of oil into waiting lorries at the El Olivo plant at Vilches, in Jaen last weekend.

In Andalusia and Extremadura, local authorities have started mounting patrols round the clock to try to prevent the thefts.

[Copyright EFE with Expatica]

Subject: Spanish news

 

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