Spain has ordered olive oil mills to store 12 percent of their monthly production from November 2026, in a move to pull about 188,000 tonnes of oil off the market. The regulation was published in the Official State Gazette (BOE) on Friday. The storage obligation applies to each mill’s monthly reported production and does not cover October or earlier months.
Stored oil may not be placed on the market before the end of the production season on 30 September 2027. The government can order such withdrawals when start-of-season stocks plus estimated production exceed the previous six-season average by at least 20 percent. This season’s data met that condition, the regulation states.
Prices have fallen sharply
Producers received about 3 euros per kilogram for extra virgin olive oil in early November, roughly 4 euros a year earlier. The decision comes amid expectations of a strong harvest and high existing stocks, which stood at 357,040 tonnes at the start of the season.
Lower prices contrast with the drought and heat waves of recent years, which had pushed olive oil prices sharply higher. Spain produces about 45 percent of global olive oil and 70 percent of European Union output, according to the Ministry of Agriculture.
Deoleo ownership deal
In a separate development, Dcoop and Acesur agreed to buy Deoleo Holding, a subsidiary of listed Deoleo, in a deal valuing the unit at 520 million euros including debt. Acesur said the two buyers plan equal shareholdings. The purchase agreement covers 91.99 percent of Deoleo Holding’s shares, including a 50.99 percent stake held by Deoleo.
Completion requires regulatory approval and a shareholder vote at listed Deoleo. Deoleo’s share price fell 21.1 percent on the Thursday after the announcement.
