Spain denies it produces too much olive oil

Spain says it disagrees with European Commission forecasts that it will end 2020 with annual production at 1.68 million tons and carryover stocks of 881,000 tons.The world’s largest olive oil producer estimates production of about 1.4 million tons and says it is unlikely there will be any surplus. Furthermore, it disputes the EC’s assessment that Spain overproduces olive oil and has a “structural surplus.”