The European Commission forecasts olive oil prices will remain elevated into 2024 as drought, low stocks, and reduced yields pressure EU producers and consumers.

As the world's leading olive oil producer, Spain plays a pivotal role in the global market, contributing around 40-50% of worldwide supply. After a challenging period marked by droughts and extreme temperatures that halved production in recent years, the 2024/2025 harvest signaled a strong recovery. Now, with the 2025/2026 crop year on the horizon, industry experts and producers are optimistic about sustained growth. This article explores the ...