So much 'liquid gold' could hit the market that the world’s top producer is withholding output—but supplies can’t stay 'extra virgin' for long | Fortune
Spain is taking the unusual step of forcing olive oil producers to keep a significant portion of their harvest off the market. The nation's agriculture ministry issued an order on Friday requiring farmers to retain 12% of their output until the end of September 2027. Under this directive, the oil must be kept in storage either on individual farms or within third-party warehouses. Government officials stated that this strategy is intended to safeguard the profitability of farmers while looking out for the interests of those who purchase the product. According to reports from the Financial Times, the ministry believes that providing the market with increased stability will serve both producers and consumers.
Spanish Production and Market Stability
This regulatory intervention comes as the industry sees a massive rebound in supply. The current
Source: fortune.com · 2026-11-08