​Olive Oil Supply Crunch Eases As World’s Top Producer Sees Harvest Jump  – Tyler Durden

Olive Oil Supply Crunch Eases As World’s Top Producer Sees Harvest Jump  A multi-year olive oil shortage in Spain, which accounts for about 40% of global production, pushed prices to record highs earlier this year amid sticky food inflation worldwide. Now, there is some good news, as Bloomberg reports olive oil production in the southern Europen country is set to rise, possibly alleviating the severe supply crunch.  New data from the Spanish Ministry of Agriculture, Fishing and Food forecasts that the world’s top olive oil producer will record about 1.26 million tons this year, or about a 48% increase versus 2023. This would ensure Spain’s olive oil…  — Continue at ZeroHedge News : Read More