Why Spain is taking 188,000 tonnes of olive oil off the market

Euronews · Rafael Salido · 2026-11-06 13:38 UTC

The world’s biggest olive oil producer is holding back 12% of its output from November to stop producer prices falling further. It’s the first time Spain has used the measure, which is expected to keep about 188,000 tonnes off the market until the end of September 2027.

The world’s biggest olive oil producer is holding back 12% of its output from November to stop producer prices falling further. It’s the first time Spain has used the measure, which is expected to keep about 188,000 tonnes off the market until the end of September 2027.

Spain has ordered olive oil mills to store 12% of their production from November 2026 to regulate supply by temporarily taking some oil off the market.

The measure, published on Friday in Spain’s Official State Gazette (BOE), applies to the output each mill reports producing each month. Mills can store the oil either at their own facilities or at a third-party site.

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