Spain decides to store part of its olive oil production to avoid a drop in prices

Nidaa Al Watan: Spain ordered olive oil producers to withdraw 12 percent of their production from the market and store it until September 2027, in an effort to prevent prices from falling due to an abundant harvest. The Ministry of Agriculture said in a statement on Friday that this decision would result in about 188 thousand tons of olive oil being withdrawn from the market. It said that…