Spain Orders Olive Oil Mills to Store 12% of Output
The measure is expected to keep 188,000 tonnes off the market as Spain anticipates a larger harvest and higher opening stocks.
Key takeaways
- Spain ordered mills to store 12% of production reported from November 2026 through September 2027.
- The agriculture ministry expects about 188,000 tonnes to be kept off the market.
Spain has ordered olive oil mills to store 12% of production reported from November 2026 through September 30, 2027. The agriculture ministry expects the measure to keep about 188,000 tonnes off the market until the season ends.
The order comes as Spain forecasts 2026/27 production of 1,602,596 tonnes, up 23% from the previous season. Opening stocks stood at 357,040 tonnes, according to figures cited in the resolution.
The measure can be used when opening stocks and forecast production together reach at least 20% above the average for the previous six seasons. This season’s figures met that condition.
Spanish producers were receiving about €3 a kilo for extra virgin olive oil in early November, down from around €4 a kilo a year earlier, according to El País.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
