I don't think the news from Spain has impacted the olive oil price at this stage.
Basically, it is more or less guesswork trying to estimate the extent this could have an impact on the olive oil supply. Possibly, the infected trees in Valencia are a bit of an anomaly.
My own suspicion, though, is that they will find more trees infected with the disease in the weeks ahead. The reason behind my opinion is that there is some cause to think that the disease may have been present in the Balearic Islands for many years before it was detected at the end of last year. So possibly, it may have gone long undetected in other parts of Spain as well.
Potentially, it could be a big issue for the olive oil industry, but it depends on the degree to which the disease has managed to establish itself in trees and orchards across Spain.
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I don't think the news from Spain has impacted the olive oil...
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