Olive oil theft soars as organised gangs target ‘liquid gold’

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Olive oil theft soars as organised gangs target ‘liquid gold’
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Olive oil is now the most shoplifted product in Spain’s most populous regions, and that’s when it’s not adulterated.

Supermarkets across Spain are reporting increasing thefts of olive oil as demand and prices for “liquid gold” have surged in the Mediterranean.olive oil is now the most shoplifted product in Spain’s most populous regions, surpassing traditionally sought-after items for petty thieves such as razor blades, alcohol and ham.

Extra virgin olive oil, a staple in the Mediterranean diet, used to be commonly found for around €5 a litre but now can cost up to €20. Global production is expected to fall this year to 2.4 million tonnes, down 18 per cent on the previous year. Spain, Italy and Greece are the top three producers of olive oil in the world.Some shops in Spain have resorted to chaining together large five-litre bottles of oil to prevent theft. Others have begun fitting security alarms that have to be removed at the heck-out.

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