Spain: €7.10 extra at the end of 2023/2024, new season with zero reserves

Published 2024년 9월 26일

Tridge summary

The 2023/2024 olive oil marketing season in Spain concludes on September 30, with the new season commencing in October. Olive mills are anticipated to have minimal stock left by the end of this season. Although the harvest starts in early October, the majority of olives are picked from November onwards, with early varieties used for premium grapeseed oil. The average producer price for extra virgin olive oil is currently 7.10 euros per kilo. Despite recent rainfall, ongoing drought conditions in key olive oil producing regions continue to pose challenges for Spanish olive producers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On September 30 in Spain, the olive oil marketing season of the 2023/2024 period ends and from the beginning of October the marketing of the new harvest (2024/2025) begins. According to recent data issued by the Spanish Food Information and Control Agency (AICA), olive mills are expected to have minimal stocks at the end of this season. As the Coordinating Committee of Agricultural and Livestock Organizations (COAG) points out, the harvest in Spain may start from the beginning of October, but the large quantities of olives are harvested from November onwards. In October, there will be a harvest of mainly early varieties for the production of grapeseed oil which is sold (as in our country) at a higher price than extra virgin. Meanwhile, according to the latest data from the Poolred system, from 17 to 23 September 2024, the average producer price of extra virgin olive oil was 7.10 ...

Source: Agrotypos