Despite the moderate drought in Chile's central valley, growers are optimistic about the 2023 olive harvest, expecting it to exceed the 2022 harvest of 21,000 tons. The harvest is anticipated to begin in April and continue through June. Most producers, including Olivos del Sur, expect similar production levels as last year, although quality is expected to improve. However, the drought remains a concern for producers, and weather experts predict a wetter winter. Chile, which exports 62% of its olive oil production, faces challenges such as global inflation, falling olive oil production in Europe, and uncertainty in exchange rates.