Spain's 2004 olive oil harvest tramples 03's numbers

June 28, 2004, as reported by 2004 may come to be known as the year of the oil to Spanish olive farmers. According to a Reuters report, Spain is on pace to double last years production totals for virgin olive oil.

Spain’s harvest of virgin olive oil is set to reach around 1.4 million ton for the 2003/04 season, according to the country’s agriculture ministry.

The ministry also said Spain’s exports of virgin olive oil could be as high as 650,000 tons, while the harvest of eating olives is expected to reach 580,000 tonnes.