Portuguese Olive Oil Sector Pressured by Iran War but Finds Hope in EU-Mercosur and India Trade Deals (eco.sapo.pt)

• Iran war raises transport and fertilizer costs for Portuguese olive oil
• Exports to Asia and Oceania decline due to conflict
• EU-Mercosur and India trade deals offer alternative markets

"The escalation of the Iran war is disrupting Portuguese olive oil exports to Asia and Oceania, increasing transport and fertilizer costs. However, the industry sees a window of opportunity in recent EU trade agreements with Mercosur and potential deals with India. The conflict has dampened export revenues, but new markets could offset losses. The article analyzes how geopolitical tensions in the Middle East are reshaping the olive oil supply chain and creating both threats and opportunities for Portuguese producers."