Is olive oil now out of your grocery budget? Here are some chef-recommended alternatives

ABC News04-27

In short: Drought conditions and extreme weather in Europe have impacted olive crops, causing supply to dry up.As the price of international olive oil rises, chef Kirsten Bacon says are more ...

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Here are some chef-recommended alternatives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-27 05:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.abc.net.au/news/rural/2024-04-27/olive-oil-alternatives-what-you-can-use-in-cooking/103761718><strong>ABC News</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In short: Drought conditions and extreme weather in Europe have impacted olive crops, causing supply to dry up.As the price of international olive oil rises, chef Kirsten Bacon says are more ...</p>\n\n<a href=\"https://www.abc.net.au/news/rural/2024-04-27/olive-oil-alternatives-what-you-can-use-in-cooking/103761718\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://www.abc.net.au/news/rural/2024-04-27/olive-oil-alternatives-what-you-can-use-in-cooking/103761718","article_id":"2430734543","we_media_id":null,"thumbnails":[],"rights":{"source":"abcau_stock","url":"https://www.abc.net.au/news/rural/2024-04-27/olive-oil-alternatives-what-you-can-use-in-cooking/103761718","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2430734543","pubTimestamp":1714166198,"sourceInfo":{"source_id":"abcau_stock","name":"ABC News"},"weMediaInfo":null,"summary":"With consumers paying more for extra virgin olive oil at the supermarket, chef Kristin Bacon shares her favourite alternatives that won't break the bank.","collect":0,"end_time":0,"defaultTopTitle":"abc.net.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数"},"translate_title":"橄榄油现在超出你的食品预算了吗？以下是一些厨师推荐的选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"In short: Drought conditions and extreme weather in Europe have impacted olive crops, causing supply to dry up.As the price of international olive oil rises, chef Kirsten Bacon says are more affordable alternatives on the market. What's next? Recent rain may cause prices to trickle down after Europe's harvest at the end of the year. Olive oil is a healthy staple item in most kitchens, used for everything from salad dressings to frying and baking.But the cost of adding it to the shopping list has soared.Australia imports around half the olive oil it consumes from Spain — the world's largest producer — but drought there has impacted crops over the past few years.The price of extra virgin olive oil in Spain has increased by 71 per cent in the last year alone, according to the European Commission. Chef Kirsten Bacon says there are many substitutes for the classic kitchen staple. (ABC News: Ebony ten Broeke)Extreme weather conditions have impacted crops all across Europe, to the point where olive growers have to protect their crops and warehouses from being robbed.But fear not, chef Kirsten Bacon said there were some fantastic alternatives to the classic cooking staple. Sunflower oilBest for: Salad dressing, fryingAvg Price: $0.65 per 100mlIf you are looking for an alternative to your salad dressings, Ms Bacon recommends sunflower oil.It can be used as a substitute for olive oil in the classic French dressing and can also be used for frying.\"You could use sunflower oil to pan fry a schnitzel but you would add a little bit of coconut oil or a little bit of sesame oil just to change up the flavour,\" Ms Bacon said. Supermarkets stock many different types of oils.(ABC News: Eliza Kloser)Coconut oilBest for: Frying, cookingAvg Price: $1.20 per 100ml\"Coconut oil is great for frying anything … but you wouldn't use as much oil as if you might use with olive oil, so you would just shallow fry it,\" Ms Bacon said.Coconut oil is available in both solid and liquid form. Ms Bacon says some oils are best for salad dressing and others are better for high-heat cooking.(ABC News: Ebony ten Broeke)Canola oilBest for: CookingAv Price: $0.56 per 100mlDerived from the rapeseed plant, canola oil is great for your cooking needs.\"For everyday cooking needs, canola and vegetable oil blends present a cost-effective solution without compromising on quality,\" Ms Bacon said.\"With smoke points comparable to olive oil, these blends offer a seamless transition in the kitchen, ensuring culinary excellence without breaking the bank.\"How Aussie extra-virgin olive oil is bucking an international trendAustralian olive oil producers say domestic demand is skyrocketing.Read moreRice bran oil Best for: FryingAvg Price: $0.70 per 100mlOn supermarket shelves, you might not see a lot of rice bran oil, which is extracted from the outer layer of brown rice.Ms Bacon recommends it for frying on high temperatures, but you shouldn't go over the top.\"It is quite a processed oil so use it sparingly,\" Ms Bacon said.\"The more processed, the less quality.\" Sesame, canola, sunflower and coconut oil are among some of chef Kirsten Bacon's recommendations instead of olive oil. (ABC News: Ebony ten Broeke)Sesame oilBest for: Salad dressingsAvg Price: $2-3 per 100mlMs Bacon recommends mixing some oils — sunflower oil and sesame oil — to create a rich taste.\"Sesame oil, with its delicate nutty flavour and diverse culinary applications, offers an affordable alternative that brings depth and richness to dishes without the hefty price tag.\" Chef Bacon said.\"It's nothing like an olive oil flavour, but that's the beauty of it.\"Initially, it might seem an expensive oil but you need such a minimal amount.\" Vegetable oil is good for frying.(ABC News: Eliza Kloser)Vegetable oilBest for: FryingAvg Price: $0.53 per 100mlWhile vegetable oil is good for frying, Ms Bacon says it is not one she suggests. \"In Australia, vegetable oil doesn't really indicate what's in it … we know it doesn't have palm oil, which is great, but I tend to stay away from there when I can,\" she said.\"Vegetable oil is any oil that is derived from plants or seeds.\"Most of the vegetable oils sold in grocery stores are just soybean oil, corn oil, or a combination of the two.\"When will it get cheaper? Cobram Estate co-founder Robert McGavin says he doesn't expect a good harvest until 2025. (Supplied: Cobram Estate Olives)It's harvesting season for Australia's olive growers and Robert McGavin is hard at work in his olive fields in Victoria.Mr McGavin, who is the co-founder of Australia's largest olive oil producer Cobram Estate Olives, said that while poor weather has not had a detrimental impact on his crop, it has played a part in pushing prices up. The price of extra virgin olive oil in Spain has increased by more than 70 per cent in the past year, according to the European Commission. (Supplied: Cobram Estate Olives)New testing program to screen extra-virgin olive oil for qualityIs extra-virgin olive oil really extra-virgin? Australia relaunches an olive oil monitoring program.Read more\"We've had lighter crops than what we were expecting because it was hot, dry weather … and we've had a lot of wet, humid summers and raining all through flowering,\" Mr McGavin said.\"We won't get a good harvest until 2025.\"Australian Olive Association chief executive Michael Southan said international prices may come down after Europe's harvest season at the end of the year.\"We may be seeing Spain come out of drought conditions, their production may be higher than what it's been and therefore see some pressure come off prices down the track,\" he said.\"But that'll take a bit of time for that to flow through.\"LoadingLoading...Posted 15m ago15 minutes agoFri 26 Apr 2024 at 9:16pmShareCopy linkFacebookX (formerly Twitter)Related StoriesHow do you know if extra-virgin olive oil is really extra-virgin?How Aussie extra-virgin olive oil is bucking an international trendWill drinking straight olive oil or moisturising with it actually help your skin?More on:AustraliaBurnieCost of LivingFood and CookingHobartHuman InterestLaunceston","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430734543"}