Producer prices rally in Spain

The farmgate price for olive oil is finally on the up in world production leader Spain, which some are attributing to expectations that after three years of bumper harvests the next will be a lean one. “The market knows there will be few olives to pick next season,” Diario Jaen said. According to the POOLred price information system, the index price for olive oil had climbed from €1.87per kg on July 26 to €1.94 today on August 1.