Olive oil industry in crisis as Europe’s heatwave threatens another harvest

World’s biggest olive producer, Spain, on course for second bad harvest in a row, raising fears of gaps on shelves and even higher prices

The olive oil industry is “in crisis”, with the heatwave in southern Europe threatening to inflict the second bad harvest in a row and gaps on shelves this autumn.

After a spring heatwave affected flowering in Spain, which produces about half the global olive crop, the harvest was forecast to be only 28% up on last year, which was the worst in almost a decade.