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Spain withdraws 188,000t

Spain withdraws 188,000t

Spanish authorities plan to withdraw around 188,000 tonnes of olive oil—equivalent to 12% of production—and store it until September 2027 to curb oversupply and protect prices. The move comes as production for the 2026–2027 season is expected to reach around 1.6 million tonnes, up 23% from the previous season following improved weather conditions.

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