Spanish olive oil suppliers hit by US strike

The Spanish olive oil producers and exporters association Asoliva expressed concern about supply problems due to the strike at American ports, Reuters reports. Spanish suppliers of the product reported that there are currently no viable alternative routes to the lucrative American market. Asoliva director Rafael Pico noted that exporters have the option of shipping this cargo through the Panama Canal or by air. The Spanish cooperative Dcoop considered the possibility of shipping cargo to less affected ports. However, these suppliers called such routes impractical. At the same time, the exporters did not voice possible export losses from the downtime in numerical terms. As OleoScope recalls, protests were organized on October 1 by employees of 36 ports on the US East Coast and in the Gulf of Mexico. This was the first such action since 1977. The reason was the failure to meet workers' demands regarding their wages. Due to the current situation, 57 percent of the cargo imported into ...