Spain mandates olive oil storage to stabilize prices

• Spain has ordered a 12% storage of olive oil by producers until September 2027.
• The directive aims to prevent a glut and stabilize falling prices.
• The measure follows a bumper harvest that led to an oversupply.
• Olive oil mills are instructed to withhold 12% of their output.
• The policy is intended to arrest the price slide caused by the surplus.