Better Harvests Predicted in Greece, Italy, Portugal, Tunisia
A European Commission report predicts a three-percent increase in olive oil production in the E.U. due to reduced pest activity and some countries entering an on-year.
EU Agriculture Commissioner Pledges Support for Spanish Olive Sector
Phil Hogan has promised to intervene in order to protect the interests of Spanish olive oil producers if prices do not rebound. Varied production forecasts and trade uncertainties make it unclear whether this will happen.