Spanish Olive Shortage Expected From June 2023 Onwards Due to Weather Anomalies

The decrease in Spanish olive production due to adverse weather conditions will significantly impact the market from June 2023 onwards. The first problems of availability are expected to happen towards the end of the 2023 season. Spain, the producer of 90% of the world's olives, is expected to experience a decrease of 36% in production, which will have a severe impact on international trade, especially when other competitors' origins are failing as well with their supply volumes.