The Government orders the withdrawal of 12% of olive oil production

The Ministry of Agriculture, Fisheries and Food has mandated the compulsory storage of 12% of monthly declared olive oil production due to high initial stock levels for the 2026/2027 campaign. This measure aims to stabilize the market and will temporarily remove 188,000 tons from circulation until September 30, 2027. The estimated production for this campaign is projected at 1,602,596 tons, a 23% increase from the previous year, attributed to favorable climatic conditions. A technical group will be established to oversee compliance with this regulation, and operators must provide necessary documentation for verification.