Javier Blas: Spanish olive oil prices hit 5½-year low as stockpiling mandated

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06.11.2026

Javier Blas: Spanish olive oil prices hit 5½-year low as stockpiling mandated — Spanish olive oil prices and stockpiling

Wholesale Spanish olive oil prices have fallen to a 5½-year low, with Spain—the world's leading producer—ordering compulsory stockpiling of approximately 12% of the new crop harvested from November to February in an effort to support prices for farmers.

Javier Blas, an energy and commodities columnist and journalist at Bloomberg, shared this update.

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Blas has reported on the commodities sector across energy markets. In a recent article, he noted that WTI 3-2-1 crack spread fell to about $55 a barrel, marking the lowest level since early September. He also highlighted that global crude oil shipments recently approached record highs without Iranian barrels.

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