Olive oil most stolen item in many Spanish supermarkets as gangs target 'liquid gold'

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Olive oil most stolen item in many Spanish supermarkets as gangs target 'liquid gold'
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It comes as prices rise steeply after a scorching drought in the south last year hit the olive harvest.

Olive oil is now the most stolen product in supermarkets in Spanish regions covering about half the country, according to new figures. It comes as prices surge after a scorching drought in the south last year hit the olive harvest. Organised criminal gangs are stealing the oil, dubbed 'liquid gold', to then resell it, according to Ruben Navarro, the head of the Tu Super supermarket chain, which operates 30 stores in Spain's Andalucia region.

And in some stores, one-litre bottles are fitted with security tags that have to be removed by staff. But Jose Izquierdo, a sales chief for supermarket chain Eroski, said thieves were using magnetic devices to break the tags. Olive oil is now the most stolen item in supermarkets in Aragon, Andalusia, Castilla-La Mancha, Catalonia, Valencia, Madrid, the Balearic Islands and Extremadura, according to security company STC, which carried out the survey of stores.

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