Trump puts squeeze on Spanish olive oil producers

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ANTEQUERA, Spain: Farmers had just begun harvesting olives in southern Spain when US President Donald Trump soured the mood with the announcement ...

ANTEQUERA, Spain: Farmers had just begun harvesting olives in southern Spain when US President Donald Trump soured the mood with the announcement that Washington would slap hefty tariffs on their produce.

Several thousand olive growers, many waving olive branches marched through Madrid on Thursday to protest plunging prices and demand protection from a 25 per cent tax which the US is planning to impose from Oct 18. At Carreira's farm, a dozen day labourers used machines to shake the olive trees, causing the fruit to fall onto long nets.

The cooperative, which groups 75,000 farmers, is a heavyweight in the sector. In some years it produces more olive oil than all of Italy.

 

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