Business & Economy · 10 views
So much ‘liquid gold’ could hit the market that the world’s top producer is withholding output—but supplies can’t stay ‘extra virgin’ for long
A bumper harvest of olives threatens to jolt the olive oil market, prompting the world’s top producer to suppress supplies for the first time ever.
AI Summary
Spain’s record olive harvest is set to flood the market, so the country’s agriculture ministry has instructed farmers to withhold 12 percent of their output. The hold‑back order runs until the end of September 2027, and producers must keep the reserved oil either on their own farms or in third‑party storage facilities. This is the first time the world’s leading olive‑oil producer has deliberately suppressed supply.
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