
Spain orders olive oil mills to store 12% of output, taking about 188,000 tonnes off the market
The first use of the measure follows a forecast harvest of 1.6 million tonnes and producer prices near 3 euros a kilo, down from 4 a year ago.

The first use of the measure follows a forecast harvest of 1.6 million tonnes and producer prices near 3 euros a kilo, down from 4 a year ago.
Statements from Helsinki, Ankara and Washington this week show the same oil and gas shock landing on economies in very different states.
The economy statement for the Treasury Borrowing Advisory Committee also reports payrolls averaging 51,000 a month and net exports subtracting 3.3 points from growth.
Survey data from six countries show about two-thirds of remittance recipients use cash via relatives or money transfer operators instead of bank transfers.
According to the idealista index cited by Euronews, prices rose in all 20 district capitals and regions; Lisbon's median reached €6,248 per square metre.
Piero Cipollone set out the Eurosystem's path from T+1 to Pontes and Appia; days later the UK approved a link between two digital depositories for its first digital gilt.
An ECB blog on 2 November says repricing rose fairly broadly at first and then stabilised, while in 2022 the wave kept building after Russia's invasion of Ukraine.
HM Treasury said on 2 November that six banks now have specific lead manager roles for the Digital Gilt Instrument pilot, still expected by the first quarter of 2027.
Box 5 of the October Outlook full text lists three tests; firms' expectations are converging towards 2% while households' still vary widely.
The 2 November estimates assume cash balances of $850 billion at end-December and $1 trillion at end-March; refunding details follow on 4 November.
The statement, republished by the BIS on 2 November, ties the 50 basis point cut to inflation slowing to 9.3% in September and a stronger tenge, with risks still tilted upward.