Spanish olive oil mills must store 12% of their declared production from November 2026 and keep it off the market until September 30, 2027, under a measure published in Spain’s Official State Gazette on November 6. The rule is intended to manage supply as the country forecasts a strong harvest alongside substantial opening stocks.
The requirement applies to production reported each month during the 2026/2027 season. October output and production from earlier months are excluded. Mills may store the oil at their own facilities or use a third-party site, according to the Official State Gazette.
The resolution cites opening stocks of 357,040 tonnes and forecast production of 1,602,596 tonnes. Spain’s agriculture ministry is estimated to expect about 188,000 tonnes to be withheld from the market, as reported by Euronews. The gazette sets the requirement as a percentage of declared production; it does not establish a fixed total tonnage.
The measure can be activated when opening stocks combined with forecast production reach at least 120% of the average for the previous six seasons. The figures for the current season meet that threshold, according to the resolution.
Spain is the world’s largest olive oil producer and exporter. Its agriculture ministry estimates that the country accounts for about 45% of global production and 70% of output in the European Union, with the shares varying by harvest.
Clayton Ward