| Olive oil prices may have softened this year after a stellar 2015, but one analyst isn't expecting a sudden plunge with a series of factors helping to prop up the market. Loraine Hudson, a market analyst at research firm Mintec, told CNBC Thursday that "tight stocks in the EU" will keep a floor under the commodity that's widely used in cooking.
Olive oil is one of the most volatile soft commodities, with prices being driven by supply. Last year, prices skyrocketed due to issues in Spain and Italy, the EU's two largest producers of the commodity...............................................Full Article: Source
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