Spain: Olive oil production is becoming more widespread, with stable prices

Olimerca.- After a few weeks of absolute madness in the price of olive oil at source, the Spanish market seems to have recovered a certain climate of stability and we can say that the last week of November will close with repeated prices and a sustained supply. The rains that have fallen in recent days have slowed down the olive harvest in some areas and this has also helped to stop the supply of new oils to some extent. However, it has been possible to verify that Italian operators have been closing contracts for high quality oils for immediate withdrawal, given that prices in our country were below Italian prices. Specifically, we have been able to verify that while in Spain a lampante oil can move between 4.50/4.70€/kg, industrial refiners could acquire oil for refining in Tunisia at 3.75€/kg. And if we talk about other categories, Turkey's selling position offered conventional extra virgin oils at €4.20/kg. The best news is that the weather forecasts indicate that we are in an ...