Weather poses a formidable challenge for our dedicated small-batch producers, influencing the success of their crops and ultimately affecting pricing. It can be a make-or-break situation for these businesses. Michael Esposito, owner of Kangaroo Island Olives, aptly says, "Several factors have contributed to (our) price increase. However, the main contributor is that we are short-supplied, as are Australia, Europe, and the USA. Demand is very high while supply remains low."
The implications of this shortage are compounded by the disappointing outlook for the 2024 harvest, which is proving to be exceptionally challenging. Michael explains, "The trees simply didn't produce the fruit. A lack of buds during spring meant the tree couldn't produce fruit. 2023 was an above-average year; we knew 2024 would be an 'off-year', but we didn't expect it would be this challenging. This is mainly due to the biennial nature of olive trees." These circumstances further underscore the immense obstacles that our small-batch producers face.
However, there is a glimmer of hope on the horizon. Despite the difficulties, Michael mentions a significant amount of new canopy growth, indicating the potential for a fruitful 2025 crop season. This ray of optimism highlights these producers' resilience and unwavering commitment to overcome the hurdles they encounter.
In these trying times, rallying around our local producers becomes more critical than ever. They need our support to weather these challenges and continue thriving. As Michael rightfully concludes, "It's going to be a challenging 12 months for our business. Now is the time, more than ever, we need customer support." Let's show our appreciation for their hard work and dedication as we navigate the rising cost of living and consider the burdens our farmers face.
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