Short Term Olive Oil Trend

Since last market report market the trend has confirmed a continued firmness on prices of extra virgin oil due to limited stocks of last year crop.

Co-ops are doing their best to optimize value of current stocks during interim term (ie old/new crop overlap)by keeping the spigot tight.

New crop looks to be good ,therefore this trend should start turning over and heading the other way by mid November.

Buy only to spot needs until the new crop prices become apparent and the market circumstances change.