Boratial is showing strength. It is interpreted that this is influenced by the news that olive oil prices have reached the highest level in 26 years due to drought in Spain and the Ukraine situation.
As of 9:22 AM on the 8th, Boratial is trading at 10,820 won, up 3.15% from the previous day.
According to foreign media, the international monthly average price of olive oil as of March was $5,989.8 per ton (approximately 7.93 million won). This is the highest level in about 26 years since January 1997 ($6,225.9 per ton).
The biggest reason for the sharp rise in olive oil prices is analyzed to be Spain, the world's largest olive oil producer, suffering from the worst drought in history since last year. Spain supplies about half of the world's olive oil.
It is known that Spain's olive production between October last year and February this year was only 630,000 tons. This is a very low level compared to the past average of 1.4 to 1.5 million tons.
As olive oil prices show strength like this, Boratial's business content is being highlighted. Boratial is a company that imports and distributes processed foods such as pasta, olive oil, and tomato sauce. Based on an exclusive partnership with De Cecco, the world's best pasta manufacturer, it supplies Italian food ingredients to hotels, restaurants, and cafes.
Boratial is known to be trading with YBARRA, a Spanish company established in 1842. YBARRA is the largest olive oil sales company in Spain. It exports olive oil to more than 80 countries worldwide and owns many excellent brands besides YBARRA.
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