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Expana's Benchmark Price for extra virgin olive oil in Andalusia fell €0.28 to €7.90/kg, the lowest since April 2024. Industry estimates put Spain's 2024/25 olive oil output at 1.2 to 1.45 million tonnes, and Greek output could nearly double.
Olive oil is not a feed ingredient, so the price moves have little direct bearing on feed markets. The item is routine market commentary with no feed-relevant cause.
expanamarkets.comNick WoodJul 8, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
