Spain’s agriculture ministry ordered farmers to reserve 12% of this season’s olive oil, saying the move is intended to support producer profitability and protect buyers’ interests.
The ministry set a goal of keeping about 188,000 tons off the market, adding that less volatile conditions would help growers and buyers.
Industry representatives said the measure covers Spanish growers even though olive oil is traded internationally.
Farmers may keep the reserved oil on their farms or use third-party storage facilities until the end of September 2027.
