Spain's Deoleo, the world's largest olive oil producer, says one of the most challenging moments in the industry's history appears to be drawing to a close. A prolonged period of climate-fueled ...
Miguel Ángel Guzmán, chief sales officer at Deoleo, told CNBC: “We are still going through a phase of tension in olive oil prices, especially in the higher quality oils, such as extra virgin.
They pride themselves on the high quality of their extra virgin olive oil. He says that what producers really want is stability. The end of a long drought is a key factor in the serious price drop.