Maria Grazia Murru

AP Business Writer

Cans of Italian extra virgin olive oil are on sale at the Iannotta family olive oil farm's shop, in Capocroce, Italy, Thursday, Feb. 16, 2017. From specialty shops in Rome to supermarkets around the world, fans of Italian olive oil are in for a surprise this year as prices are due to jump by as much as 20 percent.

Olive Oil Prices Up After Bad Harvest

The combination of bad weather and pests hit the harvest in Southern Europe, pushing up Italian wholesale prices by 64 percent as of mid-February.