Portugal expects to produce over 175,000 tons of olive oil in 2026, driven by new intensive olive groves in the Alentejo region. Several producers are offering olive-harvest tourism programs through December, including visits to mills and tasting experiences, with prices ranging from 5 to 95 euros depending on the venue and activities.
This update is from Bica
Your quick shot of what's changing in Portugal and affecting your status, your home, your money, and whatever might disrupt your day. Short and clear updates, gathered from Portuguese sources.
It's free, with no signup and no app to download.
Read today’s briefingThe Spanish government has decided to withhold 12% of olive oil production, approximately 188,000 tonnes, starting in November. This measure is intended to stabilize the market, though the decision may be subject to change after 31 December 2026.
The government projects VAT revenue to grow by 5.3% in 2027 compared to the 2026 estimate, driven primarily by expected growth in private consumption.
Brazil has brought approximately 300 startups to the Web Summit in Lisbon to seek partners and investors in Europe. The initiative is part of a broader government strategy to diversify exports, reduce reliance on raw materials, and strengthen trade ties with the European Union following the implementation of the EU-Mercosul agreement on 1 May 2026.