Olimerca.- There is no doubt: Spain is facing the worst harvest in the last 10/15 years, with olive oil production well below the 700,000 measured tons at the start of the campaign. A deficit that increases concern in the olive oil market as a whole at its origin.
Olimerca.- There is no doubt: Spain is facing the worst harvest in the last 10/15 years, with an olive oil production well below the 700,000 measured tons at the start of the campaign. A deficit that increases concern in the olive oil market as a whole at origin. If at the beginning of the harvest there was a lot of insecurity about how the harvest was coming, now there is no discussion: there will not be enough oil to meet the demand, which will lead to a drastic reduction in the oil offered and consequently greater tension in prices that generalized rises in the short and medium term. In this context, the producing sector, mainly cooperatives, has largely closed the spigot of offers and this week it has already been possible to see price increases for the categories of lampante and virgin olive oil, compared to the previous week. Specifically, the prices that are offered for very small quantities move with increases between €200 and €300. Thus, we find very specific operations ...
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