Spain orders 12% of olive oil harvest to be stored until 2027

The Spanish agriculture ministry has mandated that farmers keep 12% of their olive oil output in storage until September 2027, removing roughly 188,000 tonnes from the market. Officials say the step is meant to safeguard buyers and preserve farmer profitability. The upcoming harvest is projected to grow 23% to 1.6 million tonnes, making it the fourth‑largest on record, while prices at Andalusian mills have slipped about 15% to €2.93 per kilogram in recent weeks. EU regulations permit such withholding if it does not cause excessive market distortion.