Spain: The market for olive oil at its origin enters unknown territory
Olive Oil
Spain
Published Dec 2, 2022
Original content
Olimerca.- Tension increases in the olive oil market at origin, dominated by new price increases in all categories and with an offer that has entrenched itself so as not to sell, in search of better deals in the coming weeks. This firmness of the production for each day to sell at a higher price is causing the set of operators to be entering a terrain never known in the olive oil sector. We have never faced a price offer for a lampante oil that moves between €4.90/kg and €5.10/kg; or an extra virgin oil for which they ask €5.20/5.25/kg if it is from the last campaign or €5.40/5.70/kg if it is fresh oil. But the problem is not so much in the rise in prices but in how our link will be for the next 2023/24 harvest. With more than 117,000 tons shipped in the start month of the current campaign and forecasts that the same figures will be repeated in November, no one is aware that it is impossible to reach September of this year with enough oil in the link . In order for us to arrive ...
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