Olive oil prices in Spain down, production up

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Ex-mill prices for olive oil are falling. According to the POOLred price observatory, the average for the week to January 5 was under €1.91/kg.

That was lower than the lowest weekly average for 2013, which was €1.92/kg, in late December, and well under the €2.25/kg the Spanish Association of Municipalities of the Olive Tree (AEMO) says is the average cost of production.

But on the positive side, after two drought-blighted ones, this olive season is looking much better for Les Garrigues.

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