South West olive oil is selling for the same price as, or more than, a bottle of premium Margaret River wine as demand for the golden liquid soars.
Olive production across WA is tipped to return to bumper 2009 levels of more than 2800 tonnes after a low yielding season last year. This year's harvest is now underway.
Premium producer Olio Bello sells its 500ml bottles for $29.95 and claims to be among the first boutique producers to offer cellar door tastings.
All for 1.5cents?
RLA Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held