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الحقيقة الدولية
Next month's olive harvest ups oil prices
The olive harvest season is expected to begin in mid-October, with forecasted olive oil prices ranging between 100 and 110 dinars per barrel for the current season. It is anticipated that this season will be better than the previous one, thanks to rainfall that has contributed to improved production quality and created a surplus for export; the expected production is sufficient to meet domestic consumption, with the possibility of exporting the surplus. This comes after a severe decline in the 2025 season’s production, which dropped by 54.4% compared to the previous season, reaching approximately 16,342 metric tons of oil due to low rainfall last year. The relevant authorities are working to regulate the market, facilitate exports, and monitor oil quality to ensure that the Kingdom's needs are met.
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