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The Spanish olive oil supply chain is in crisis due to expensive energy

Olive Oil
Spain
Published Sep 20, 2022

Original content

The first cause of the crisis in Spanish olive growing is the average price per megawatt / hour, followed by the drought and the decline in production expected for the new 2022/2023 olive oil campaign. The olive farms, the oil mills, the olive oil mills of Spain, and the bottlers, therefore the entire Spanish oil supply chain, warn that the increase in the price of electricity, but also of fuels (diesel) and phytosanitary products, glass and cans, transport costs, and the collapse of production also due to drought, will be the cause of the enormous economic (and also social) damage expected for the new 2022/2023 oil campaign. The first cause is the average price per Megawatt / hour, from 1 January to 31 August 2020 (according to Red Eléctrica Española) was 35.20 euros, in the same period of 2022 the average price was set at 191.40 euros. Due to expensive energy, several Spanish pomace mills, from 15 June 2022, suspended the processing of virgin pomace for operating costs that were ...
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