Uruguay is experiencing a significant decline in olive oil production due to two years of drought and adverse weather conditions during harvest. Production is expected to drop by 78% in 2024 compared to the previous year and 72% below the five-year average. This has led to a surge in prices as the country imports a majority of its supply from Argentina, Italy, and Spain. Despite the challenges, some producers have seen increased production from recently planted trees. The International Olive Council is bringing the Mario Solinas Awards to Uruguay in August, despite the disappointing harvest, with efforts to include more small producers from the Southern Hemisphere.