Balsamic vinegar prices to soar by up to 50% following poor harvests

THE price of balsamic vinegar could rocket by almost 50% due to poor harvests.

Extra virgin olive oil and balsamic vinegar with mediterranean food ingredients

The popular dressing is made from grape ‘must’, the cooked juice of grapes grown in Italy and Spain.

But a late spring frost and a very dry summer has led to a devastating crop failure.

The yield will be down 15% over the next year, leading to shortages and increased prices.

Trade journal The Grocer said ‘prices will change rapidly’ and that ‘an increase of 45% is not out of the question.’