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Spain Stores 12% of Oil
The Spanish government has required olive oil producers to withdraw 12% of their monthly output—around 188,000 tonnes over the 2026–2027 season—and store it until September 2027 to curb oversupply and falling prices. The measure will apply to November production, with October exempt, amid forecasts that the harvest will reach 1.6 million tonnes, up 23% from the previous season and the fourth-largest in the country’s modern history. The Ministry of Agriculture said the measure aims to stabilize the market and protect the incomes of farmers and consumers. Storage will be monitored, and the quota or duration may be revised depending on market developments.
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