Spain: Olive Harvest Begins with Historically Low Oil Stocks

After plummeting in MY2014/15, Spain’s olive oil production is anticipated to return to average levels in MY2015/16. The smaller MY2014/15 crop combined with the steady pace of exports through MY2014/15, lead to the depletion of the olive oil stocks. Hence, should the steady pace of exports continues, the anticipated increased domestic supply will not be sufficient for stock recovery.

Spain: Olive Harvest Begins with Historically Low Oil Stocks