# Mediterranean olive oil production and market volatility > Live situation record from CLSTR: https://clstr.news/situations/mediterranean-olive-oil-production-and-market-volatility > Updated: 2026-10-01T21:03:14.000Z. Sources: 6. Developments: 2. Olive oil producers in Spain and Greece are facing significant challenges driven by climate change and market instability. In Spain, industry professionals in the Balearic Islands and Catalonia have convened to debate future production models. These discussions aim to address water availability, crop yields, and the need to balance economic profitability with environmental preservation through various methods, including agroecological and regenerative practices. As climate volatility intensifies, the global market is experiencing increased instability. In Greece, production estimates for the upcoming season are projected between 280,000 and 330,000 tonnes, with the Crete region specifically struggling against summer droughts and pest pressure. In Spain, the environmental stress on traditional crops like olives is creating economic uncertainty. Experts note that these conditions may discourage younger generations from entering the sector and contribute to rural depopulation as farm incomes become increasingly unreliable. ## Timeline ### 2026-10-01: Climate volatility disrupts global olive oil markets Climate extremes and unpredictable weather are causing price volatility and production uncertainty in the global olive oil market, particularly affecting Mediterranean regions like Greece and Spain. 2 sources. https://clstr.news/cluster/climate-volatility-disrupts-global-olive-oil-markets ### 2026-09-29: Olive oil producers in Spain debate future production models Olive oil producers in the Balearic Islands and Catalonia are debating production models to address climate change, market competition, and economic sustainability. 4 sources. https://clstr.news/cluster/olive-oil-producers-in-spain-debate-future-production-models --- Cite as: Mediterranean olive oil production and market volatility. CLSTR, https://clstr.news/situations/mediterranean-olive-oil-production-and-market-volatility