The olive oil market in Spain is on the brink of experiencing volatility

Olive oil prices are on the brink of experiencing huge volatility. Spanish olive oil producers, packers, and distributors have entered a period of market instability. From WK 2, any business opportunity and quote must be studied with extra care, as the market price may increase the following day.

From WK 52 in 2021 to WK 2 in 2022, pomace oil has experienced a 9% rise in price.
As Spain, and especially the Jaén region -the biggest producer of olive oil accounting for 20% of worldwide production, is very representative in the market, the price increase will have a massive impact on other producing countries or regions