We just get word from two sources that while it is raining on the Hojis, it is too late for the Queens and Manzanillas...
Prices for the Queens appear to be rising at more than 20%!
And while it is raining on the Hojis, it remains to be seen the impact on the crop which is pulled between Oil producers and Olive Producers...
The California situation is exacerbating the market as demand internationally that may have gone there, is finding it's way to Spain... Early indications from the more pessimistic source is a 15% increase in raw Hojis price.
And there is a rumor of a merger between the two GIANT Olive Coops... Money could then be lost on a giant scale! We'll see....
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