Export market for Olive Oil in United States (11월, 2022)

Spain's Minister of Agriculture, Marcello Rivera Planas, predicted a decrease in olive oil production to 800,000 tonnes in 2022 from 1.4 million tonnes in 2021. Despite this, he does not anticipate a shortage and urges local suppliers to keep costs low. The minister also noted that rising costs, including business decisions, do not impact exports, citing the surge in exports to the US. He expressed expectations for food price increases to level off in 2023. The minister also discussed the challenges of rising energy and fertilizer prices, mentioning the EU's efforts to secure local fertilizer supplies and the potential for Russia to export ammonia via Ukraine. He criticized Germany for blocking the proposed price cap on natural gas, suggesting that the country benefits from the current high prices.