Spain selling less, buying more olive oil

With its harvest now basically over and a million tons below that of last season, the world’s leading olive oil producer imported more olive oil in March, and exported less, than in any other month in the last four years, new figures show. According to the Spanish Olive Oil Agency’s (AAO) latest market report, Spain made just 10,200 tons of olive oil last month, bringing to 607,000 tons its total so far for 2012-13.