date:May 30, 2012
panish Stocks at the end of February were described as burdensome, totalling an estimated 1.46 million tonnes, also a record high.
However, Peksa warned the situation was set to change within a year.Early 2012-2013 forecasts peg Spains olive oil output at a four year low of around 1.20-1.25 million tonnes as severe drought conditions witnessed in the countrys key olive growing regions are expected to limit production. Spain experienced its driest winter in 70 years.
Rock bottom
Prices are at