Olives Looking Good

The Olive Crop is looking solid in Spain... Prices should moderate. The only issue is the continued fall-out of the economic disasters in Spain and the shortage of credit.

To finance the the finished harvest is no small expense. Like with Artichokes earlier this year, fiscally responsible public (and private) companies are trying to be sure they are in balance and are not producing without buyer's contracts. Even the Coops have, albeit in different forms, problems of credit though I expect they are obliged to take in and cure material.

But the crop looks good with the exception of 240/260 calibrated Manzanilla, the most popular stuffing size of this variety. The Manz are running very small.