Spain's Deoleo says market has entered a new phase
Deoleo, the world's largest olive oil producer, reports that the market has stabilized following three years of extreme volatility caused by drought and heat. Improved rainfall has led to better harvests, resulting in more predictable pricing and a recovery in global demand.
Why it matters
The stabilization of olive oil prices is a key indicator of recovery for the global food supply chain after climate-driven disruptions.
Spain's Deoleo , the world's largest olive oil company, says a period of unprecedented volatility has unequivocally given way to more stable market conditions, citing an unlikely catalyst in helping to lift U.S. sales.
The article relies on corporate statements and market data to report on industry trends.
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