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Spain Mandates Oil Stocks
The Spanish government has mandated the storage of 12% of olive oil production until September 2027, temporarily removing around 188,000 tonnes from the market to curb oversupply and prevent a price collapse. The decision comes as output is forecast to reach 1.6 million tonnes in the 2026–27 season, up 23% from the previous season. The measure may be reviewed from December 31, depending on how production develops.
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