Spanish Government Decrees Compulsory Storage of 12% of Olive Oil Production
28 Articles
28 Articles
The government intervenes for the first time in the market in response to the expectations of a higher harvest than the previous ones; altogether some 180,000 tons will be stored Andalusia strengthens its leadership in the global market of olive oil
After several weeks of uncertainty, the Ministry of Agriculture has finally decided to do what no government had done in what we carried out in democracy and has intervened the market of olive oil to raise the prices that farmers, who are on the ground since the harvest began (to ... Continue reading "The government intervenes the market of olive oil for the first time in democracy and withdraws 12% of production"
Since this Friday 188,000 tons of olive oil are temporarily stored after a production forecast and stocks that exceed 120 per cent of the average of the last six years
The Ministry of Agriculture, Fisheries and Food has decreed the compulsory storage of 12% of the production of olive oil declared monthly by mills, in their own or other facilities, due to the large level of initial stocks of the 2026/2027 marketing year together with production estimates. The Official State Gazette (BOE) published on Friday the order specifying that the compulsory withdrawal will begin to apply on the production declared in thi…
The aim of the measure is to ensure that olive oil reserves are available in the face of campaigns that are worse than the current one, which has been very good, and to try to ensure that the price charged by farmers does not sink further.
Agriculture decrees compulsory storage of 12 % of mill production
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