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تونزي تيليغراف
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Spain Halts 12% Olive Oil

Spain Halts 12% Olive Oil

Spain has required olive oil mills to store 12% of their monthly production, taking around 188,000 tonnes off the market through September 30, 2027, in an effort to curb falling prices after extra-virgin olive oil dropped to about €3 per kilogram, from €4 a year ago. The decision is expected to reduce the surplus and support prices for Tunisian olive oil. Local production this season is estimated at around 300,000 tonnes, down nearly 40% from 500,000 tonnes last season. As Tunisia’s season gets underway, prices at mills range from 12 to 13 dinars per litre, while industry professionals are calling for expanded storage and bottling to avoid selling a large share of the harvest at low prices.

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