Spain orders mills to store 12% of olive oil output
The oil must remain off the market until 30 September 2027. Spain’s agriculture ministry expects the measure to withhold about 188,000 tonnes.
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The oil must remain off the market until 30 September 2027. Spain’s agriculture ministry expects the measure to withhold about 188,000 tonnes.
Spain has ordered olive oil mills to store 12% of the production each mill reports monthly from November 2026, temporarily withholding it from sale to regulate supply. The measure comes as the country expects a strong harvest and already has high stocks.
The resolution was published in Spain’s Official State Gazette on 6 November 2026, Euronews Business said. The Directorate-General for Agricultural Production and Markets said output reported for October and earlier months is excluded. Mills can store the oil at their own facilities or at a third-party site.
The government can take oil off the market when opening stocks and forecast production together are at least 20% above the average for the previous six seasons. This season met that condition.
The resolution puts opening stocks at 357,040 tonnes and forecasts production of 1.6 million tonnes. The expected supply could push producer prices down further, Euronews said.
Spain’s agriculture ministry expects about 188,000 tonnes to be taken off the market under the measure. The stored oil must remain off the market until 30 September 2027, the end of the season.
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