Why Olive Oil is most expensive in 2022 ? You’ve likely heard the phrase you get what you pay for, but this doesn’t always hold with olive oil or not the way you might expect. While many olive oils claim to be of premium quality and have costly price tags, Most do not live up to their promises and might even damage your health in rare cases. The world’s most valuable olive oil may cost more than $300 per bottle, but this isn’t just any bottle of olive oil. This olive oil hails from Croatia and has won several awards in food competitions, so you know it must be good! But why is it so expensive? And, what’s more important, do you think it’s worth the money? Keep reading to find out.
A Brief History of Olive Oil
Olive oil has been prized for centuries. Olive trees have been growing for 10,000 years, and olive oil has been used as a medicine, fuel, and food source for almost just as long. Demand for olive oil has spiked throughout history; during The Greco-Roman Period and Middle Ages, it was considered essential to life—along with wine and bread—and used to anoint kings, protect buildings from decay, light street lamps, and more. Today’s global market allows you to choose between cheap or expensive options based on your needs; however you slice it (pun intended), there are some pretty incredible benefits to using olive oil rather than other oils or fats.
Different Types of Olive Oils
Olive oil has become a popular ingredient because it comes in wide varieties. For example, three main types of olive oil are commonly available: 1) extra virgin olive oil, 2) virgin olive oil, and 3) pure olive oil. Extra-virgin olive oils differ from other oils because they’re extracted using cold-pressing methods to preserve flavor and nutrients. To make an extra-virgin olive oil, you need olives with high-quality standards; you also must pay attention to environmental conditions during production and store and age your final product properly. While some people think that all extra-virgin olive oils taste alike, experts can tell subtle differences between good quality producers.
What makes olive oil so expensive?
The most expensive olive oil in the world comes from Leccino olives, which only grow on one hilltop or grove. Just one small grove of olives can create an incredible tasting and award-winning olive oil. These olives are worth their price tag because they come from nearly a century-old trees. It takes at least 70 years for an olive tree to mature enough to produce fruit, which means that each bottle of The World’s Most Expensive Olive Oil does take more than a lifetime to make.
What makes it worth its price?
Why does it cost so much? The best olive oil comes from small, family-owned farms that harvest olives by hand and produce limited amounts of high-quality oil. Much work goes into every bottle, making these oils unique and expensive. But why do people buy it? They say to experience natural olive oil to taste something delicious without artificial flavors or chemicals. For some connoisseurs (and chefs), an $80 bottle of olive oil is worth its price tag because you can’t compare a cheap product with a high-quality one.
Who uses it?
Excessively pure extra-virgin olive oil offers various applications, from cooking to pouring over food. The type of oil you’re buying can change everything, though. If it’s labeled extra virgin, it must meet specific standards set by an international association that regulates labels and definitions for different types of olive oils. When looking at bottles at your local grocery store or deli, opt for extra virgin olive oil instead of less expensive brands labeled simply olive oil. Though olive oil may be okay if you don’t need a high-quality product, avoid anything labeled virgin, pure, or light.
How to use it?
Toss it into your favorite vinaigrette or over sautéed spinach; drizzle it over grilled chicken, fish, or pork; stir it into creamy mashed potatoes, and sprinkle it with freshly grated Parmesan cheese. Only use as much as you need; an 8-ounce bottle of extra virgin olive oil costs approximately $30 and goes a long way. If you have any leftovers from your bottle, keep it tightly sealed and store it in a cool place. Extra Virgin olive oil can last for up to one year unopened but only three months after being opened.
The most expensive olive oil ever sold goes by several names: Picual, Piacere di Bosco, and Villa Mateo. The price tag that accompanies its name? $3.2 million. That’s right: $3.2 million for a liter of extra virgin olive oil made from olives grown on a single tree. It’s considered one of Italy’s most refined oils, so obviously it costs an arm and a leg (and then some). Read more articles about expensive stuff.