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Death is not bought in the name of expensive olive oil, the “fake oil” business develops indiscriminately.

Sagar Patel

By Sagar Patel

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There is fake olive oil available in the market

Virgin olive oil, this is the edible oil that you can also use raw in food. You can read thousands of articles on the Internet about its health benefits, which is why people who follow the diet are willing to pay a high price for this oil. But is it possible that you are paying a high price for buying an oil that is bad for your health, an oil that is not even suitable for human consumption?

Due to heat waves and climate change, there has been a huge increase in olive oil prices in recent years. Last year, their prices rose so much that tears came to the eyes of the common man. In such a situation, to take advantage of the opportunity, many scammers and people with criminal tendencies have entered this market and now the ‘fake olive oil’ business is spread all over the world.

fake olive oil business

When The Guardian newspaper recently sought data from the European Union under the Freedom of Information Act, it emerged that when olive oil prices began to rise at the beginning of the year, a significant increase in cases of fake olive oil. . These are the cases about which complaints or cases were filed, although it is estimated that their real number is much higher.

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If we understand their business, according to ET news, in the month of July, the Italian police had captured 42 tonnes of “fake extra virgin olive oil”. Its price was around 10 lakh dollars. Likewise, 673 liters of chlorophyll were also seized, which was adulterated with olive oil.

This is just an example. Newspapers around the world are filled with many incidents and stories of this type of business. Due to the high price of olive oil, it is also called ‘liquid gold’. ‘Extra virgin olive oil’ has also been found in 50 restaurants in Rome, which was actually a seed oil mixture. By adding beta-carotene and chlorophyll, it became olive oil.

What is fake olive oil?

In fact, scammers use ‘Lampnet’ oil to counterfeit olive oil. It looks like olive oil, which cannot be used for human consumption. Crude oil is very harmful to humans. Its original price is very low and due to this, huge profits are made by using it for adulteration.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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