Climate change is making its mark on Spanish olive harvests, and that in turn has driven the cost of its most famous end-product to near-record levels. One gauge of olive oil prices tracked by the International Monetary Fund is double what it was just two years ago, to nearly $10,000 a metric ton.

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1. Heat and drought in the Mediterranean are harming production of olive oil, causing its price to spike. The global price of the oil is now almost $6,000 per metric ton, according to data from the International Monetary Fund (IMF). That’s the highest since 1997, when it reached $6,225.

   The last olive harvest, from October to February, yielded only 50% of what it typically would in Spain, the world’s top olive oil producer. As a result, the global market could continue to see an oil shortage and higher prices.

2. Good time to plug Zero Acre, a highly performant, healthy, and low eco impact cooking oil. It just uses sugar and microbial fermentation, which don’t use a lot of land, water, or emissions.