Low 2022/23 Spanish Carob Production Levels Result in Sellers Holding Stock and Not Selling

The 2022/23 Spanish carob campaign was initially estimated to have a normal harvest volume. However, the 2022/23 production levels are far below the expected volume, so much so that producers stopped selling carob until 2023. Sellers want to keep a safe level of buffer stock and don't want to sell until the supply situation has balanced out. This situation caused a spike in demand for carob since the beginning of October 2022.