Chile's olive oil production has dropped by 29% in the 2024 season to just 15,000 metric tons, its lowest level since 2013, due to adverse weather conditions caused by El Niño and heavy rains during the harvest season. This decrease is even more significant, being 33% below the five-year average. The production challenges varied across the country, with the Coquimbo area experiencing severe damage and virtually no production, while other regions faced normal production levels but early rainfall and frost. Despite these challenges, Chilean exporters have seen a 50% increase in FOB value exported in the first half of 2024, largely due to higher prices in Europe and the Americas resulting from poor harvests in the Mediterranean. Brazil and the United States remain the primary export destinations, with Spain in third place. Although olive oil prices in Chile have risen significantly, demand has remained stable, indicating a strong consumer value for olive oil.