Market catalyst

Marketing standard 2026/27: approval deadline

SpainRegulationHigh

Awaiting update. Result not yet recorded.

Context
Trigger: 120% of 6-yr avg
Expected outcome
Order in force
Why it mattered

If the threshold is met and volume is withheld, the effective carry-in falls without a single tonne being consumed: supportive, and not yet in the price.

Upward if confirmed · the desk's reading

Royal Decree 84/2021 sets 31 October as the last date on which the marketing standard can be approved for it to apply to the 2026/27 harvest. The draft Order went through public hearing from 23 July to 13 August.

Approval of the Order is only the first step. Planas said in Jaén on 1 October that the decision to withhold oil, and the share withheld, will be taken in the first fortnight of November by resolution of the Dirección General de Producciones y Mercados, once the carry-in at 30 September is known. That decision has a record of its own in this calendar.

The threshold test runs on the new crop estimate and the carry-in: if available supply clears 120% of the six-campaign average, about 1,844,000 t, a share of production is withheld from the market.

Date
2026-10-31 · Date announced by the publisher
Category
Regulation

Source: MAPA / Royal Decree 84/2021, and Planas in Jaén on 1 October 2026 (decision in the first fortnight of November) · Checked 2026-10-05

The full calendar