[Hot Stock] Boratial, Global Olive Oil Prices Reach All-Time High... Spain's Largest Olive Oil Partner Rises

Boratial is showing strong performance. This is interpreted as being influenced by the news that the global olive oil price has reached an all-time high this year.

As of 2:10 PM on the 25th, Boratial is trading at 11,640 KRW, up 3.28% compared to the previous day.

According to the industry, the International Monetary Fund (IMF) announced that the global olive oil price hit an all-time high this year. Economists attribute the rise in prices of olive oil and other food products to inflation and climate change.

Last summer was the second hottest on record in Europe. As a result, olive fruits did not grow well, causing olive oil production in the European region to drop by nearly half. The European Union (EU) accounts for 60% of the world's olive oil production.

With the soaring prices of olive oil and other food products, prices are also rising at domestic convenience stores. According to the distribution industry, the price of CJ CheilJedang's olive oil at major convenience stores in Korea is expected to increase by up to 5,000 KRW.

Meanwhile, Boratial is a company that imports and distributes processed foods such as pasta, olive oil, and tomato sauce. 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 numerous excellent brands besides YBARRA.