Rains paralyze the olive harvest and further strain olive oil prices in Spain

With the shortest campaign link in the last decade and the highest imports in history, the campaign begins with forecasts of 1,289,882 tons of production and the challenge of recovering domestic consumption, if oil prices, a real unknown, allow it. The rains that have been falling in recent days, although welcome, complicate the recently started harvest of milled olives. With a market as sensitive as that of olive oil, where inclement weather has an immediate effect on prices, "paralyzing the harvest further strains the rope in a 2024-2025 campaign that has begun with only 186,304 initial stocks, a link so short not seen since 2015, that if olives cannot be collected for just a few days, it can lead to the bottling industry - which currently has oil for only 30 days - being left with nothing and can cause prices to rise again." This was stated yesterday by the managing director of Oleoestepa, Álvaro Olavarría, during the celebration of the XXIX ASAJA-Sevilla Olive Grove ...