Britain is at risk of olive oil shortages as the industry is wracked by a production crisis. Fears are growing over the risk of empty shelves as growers across Europe battle a combination of extreme weather, inflation and high interest rates. Giles Henschel, the owner of Olives et Al, a retailer of olives and olive oils, said: “The price of olive oil is unlikely to come down from where it is now. There will be shortages, there will not be enough.” Mr Henschel has spent recent weeks on a motorcycle tour of olive growers across Europe, interviewing farmers and investigating the effects of climate change on the kitchen cupboard staple. He said: “I think we’re facing an existential threat to the business that we created. “Will we still be able to actually sell olives in three years time? I don’t know. And part of the reason for doing this is what have we got? Do we actually still have a business? Should we diversify?” His comments come after Deoleo, Spain’s largest producer of olive oil, warned this week that the industry was facing “one of the most difficult moments in the history of the sector”. Miguel Angel Guzman, chief sales officer, told...