27 Jun

Europe: Large Olive oil crop lowers prices

Olive oil prices may drop in coming months as Spain, the world’s biggest producer, is likely to turn out one of its largest harvests, according to Sos Cuetara SA, the largest bottler. Spanish refineries will press 1.27 million tonnes of olive oil this year, Sos Cuetara chairman Jesus Salazar said yesterday. That output is 41 per cent more than last year.

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