newsweek.ro/economie/spania-retrage-ulei-masline-p

Spain's Ministry of Agriculture has mandated the withdrawal of 12% of olive oil production for the 2026/2027 campaign to address an impending surplus and stabilize market prices. This decision affects approximately 188,000 tons of olive oil, which will be temporarily stored to prevent market oversupply. Following previous seasons of drought and storms that reduced production, estimates indicate a strong recovery with over 1.6 million tons expected. The measure aims to protect farmers from potential profitability crises due to excessive supply. Spain, producing 45% of the world's olive oil, significantly influences global prices, leading to price drops in other regions, including Italy, where prices have fallen by 47%.