Spain’s competition watchdog, the CNMC, has raised concerns about a new rule that would require some olive oil to be taken off the market during the 2025/2026 campaign if there is oversupply.
The Ministry of Agriculture, Fisheries and Food is preparing the measure, which would apply when stocks plus production exceed 120% of the average of the last six campaigns. In that case, up to 20% of expected production could be withdrawn.
The CNMC warned that while European and Spanish law allow this kind of intervention, it could push up prices, limit variety, and even reduce quality. Low-income consumers, as well as distributors and exporters, could be particularly affected.
Olive oil is a strategic sector for Spain, where the country is the world’s leading producer and exporter, and a key driver of rural economies.
The CNMC suggested looking at alternatives, such as private storage schemes or other tools in food chain legislation, before resorting to forced withdrawals. It also called for a clearer explanation of the measure’s goals, better methods for calculating imbalances, and stronger monitoring so the rule can be lifted early if conditions improve.
