The olive harvest has begun in Egypt - and the initial feedback is very positive. Availability is stable and the quality is good. Varieties that are particularly easy to process have been harvested for the export market. Yields are in line with expectations, meaning that supplies are well secured for the coming months.

In contrast, the picture from Spain is mixed. With a forecast of around 140,000 tonnes, Manzanilla is slightly below the previous year, but availability is considered solid. Gordal is expected to reach 25,000 tonnes, albeit with many smaller calibres. The situation is more challenging for Hojiblanca, where only around 223,000 tonnes are currently expected - significantly less than in 2024. Cacereña (42,000 tonnes) and Carrasqueña (45,000 tonnes) are also showing high yields, but the lack of rain is increasingly affecting the green quality, meaning that more fruit is likely to go into oil production. Accordingly, stable to slightly rising prices are expected in several segments.