Spain's olive-oil harvest set to jump 23%
Spanish olive-oil production is projected to rise 23% to 1.6 million tonnes, which would make it the country's fourth-largest harvest, Fortune reported. The world's leading producer is withholding some output as a large volume of oil approaches the market, but supplies cannot retain the highest extra-virgin classification indefinitely, increasing pressure to sell.
Why it matters
A much larger Spanish crop could ease global olive-oil prices after years of tight supply.
Sources
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Part of the November 8, 2026 brief.