César Lumbreras: Less olive oil

Both the Ministry of Agriculture and the Junta de Andalucía, a key community for these purposes, have just published their first estimates of olive oil production for the marketing campaign that has just begun (on October 1st). According to the forecasts of Luis Planas' team, 1.37 million tons could be reached, a figure that, if confirmed, would represent a 3% reduction over the campaign that has just ended. This reduction would be due to the 5% drop expected for Andalusia and the 17% drop in Castilla la Mancha. However, these data must be taken with great caution, because what happens with the weather in the coming weeks is key. At this time, rain is needed in the olive-growing areas so that the olive can finish growing and its yield during the crushing is higher. If the precipitations arrive, the initial estimates could rise, while if the absence of rain and drought persist, they would be reduced. As sources from the sector indicate, "what happens in the next fortnight with the ...