Global marketsUpdated November 6

Spain orders olive-oil mills to hold back 12%.

With a bumper harvest leaving a glut and prices under pressure, Spain is putting part of the supply in storage instead of sending it straight to market. Starting with November 2026, each olive-oil mill must set aside 12% of its reported monthly output; October and earlier production is excluded. The oil has to stay off the market until September 30, 2027. Spanish authorities say the measure is meant to stabilize prices, and the amount expected to be held back is about 188,000 tonnes. It’s a pause in sales, not a cut to what the mills produce.

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Coverage started November 6