Olive oil prices are skyrocketing. Here's how my startup is managing to keep costs low.

• Olive oil prices are at record highs due to extreme environmental conditions.
• But olive oil startup Graza says it only marginally raised its prices.
• Graza cofounder Andrew Benin explains how — and why it's been difficult for the company.

This as-told-to essay is based on a conversation with Andrew Benin, the cofounder of olive oil startup Graza. The following has been edited for length and clarity.