The fall in prices of olive oil at the origin in Spain

Published Nov 19, 2024

Tridge summary

Spain's agricultural sector is facing significant challenges, including a dramatic drop in olive oil prices, which have fallen to half of last year's figures, affecting producers and potentially leading to production cuts. The price drop is attributed to recent rains and the high cost of production, with the current prices approaching breakeven for some areas. The decline in prices is expected to reach supermarkets soon, despite the potential benefits of a trade agreement with Mercosur. The formation of the European Commission and the French government's opposition to the Mercosur agreement, along with protests from French agricultural sectors, introduce additional uncertainties. The appointment of Teresa Ribera as the Commissioner for Competition and her role in green policy, as well as potential alternatives like Luis Planas, are key developments in the ongoing situation.

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

Original content

The key points of the agricultural news in Spain over the last few days, and also for the next few, revolve around the fall in prices at source for olive oil, which are almost half of what they were a year ago; also because of the formation of the European Commission, bogged down in Brussels due to the vice-presidents and especially Teresa Ribera, and because of the negotiations with Mercosur to close a trade agreement with the EU, which was intended to be announced with great fanfare this week during the G20 meeting in Brazil, something that will not happen because the French Government has once again made it clear that this matter is a red line for them. Precisely, the French agricultural organisations are back on the charge this week with various mobilisations for different reasons, including the rejection of the pact with Mercosur. Now it only remains to be seen whether the contagion effect will be recorded as it was last January. In parts. The latest prices at source that ...

Source: Agropopular