Heatwave could curtail olive oil production in Spain, Minister warns
Olive Oil
Spain
Published Aug 11, 2022
Tridge summary
Along with a steep fall in the quantity of olive oil produced, some analysts are worried quality could decrease significantly too.
Original content
The severe heatwaves and prolonged drought dominating the summer in Spain could profoundly undermine the country’s olive oil production, Luis Planas, the Spanish minister of agriculture, fisheries and food, has warned. “If there is no temperature relief or rains in the coming weeks, this year’s olive harvest could be notably lower than previous ones,” Planas told Bloomberg News last week. “The olive sector is concerned about oil production.” However, the minister provided no figures to quantify the expected reduction in the coming olive oil crop if unfavorable weather conditions persist in the country. According to International Olive Council data, the world’s largest olive oil-producing nation yielded 1.3 million tons in the 2021/22 crop year. Planas also noted that the forecasted decline in olive oil production in Spain is likely to keep prices of vegetable oils, including Ukrainian sunflower oil, at high levels. Meanwhile, the Association of Young Farmers and Ranchers (Asaja) ...
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