Spain Freezes Part of Olive Oil Production to Stabilize Prices
The Spanish Ministry of Agriculture has decided to freeze a portion of olive oil production to balance market supply and demand following a bumper harvest forecast.
The Spanish Ministry of Agriculture has announced a decision to freeze a portion of its olive oil production for the current season. This measure is intended to prevent a collapse in local market prices.
The government will restrict the marketing of approximately 188,000 tons of olive oil, which represents 12% of the total projected national output.
This mandatory freeze is scheduled to remain in effect until the end of September 2027. The government aims to use this intervention to ensure a balance between supply and demand.
These measures follow projections of an abundant harvest, arriving after several years of severe drought that had significantly impacted agricultural yields.