The consumption of olive oil is up, this year’s harvest is expected to exceed 63,000 tons in Málaga province, up 9,500 tons on last season, but the sector has made a loss of €11 million compared to last season as the price per kilo has fallen.
The price received by the farmers has fallen from 18 cents per kilo to 16 cents per kilo and producers are asking the Ministry to allow private storage of oil to force the price up.