This as-told-to essay is based on a conversation with Andrew Benin, the cofounder of olive oil startup Graza.
Putting out a high-quality olive oil is difficult for a young brand, but it's even harder now as prices hit record highs.
Before I launched Graza in early 2022, we purchased nearly 50,000 liters of olive oil from Italy for about $3.10 a kilo.
If you know a bit about olive oil production, you'll know that extra virgin olive oil is extremely inefficient to produce — that's one of the reasons it's more expensive.
Law enforcement agencies have seized tens of thousands of gallons of olive oil and arrested suspects worldwide for fraud in the past several months.
Persons:
Andrew Benin, we've
Organizations:
Business, Walmart, Target
Locations:
Italy, Spain, Greece, Graza, We're