AICA data confirms Spain closes 2025–26 olive oil season with 1.29 million tonnes

AICA data | April 2026

The latest figures from Spain’s Agencia de Información y Control Alimentarios (AICA) confirm that the 2025–2026 olive oil campaign has finished. April data shows production has effectively concluded, while stock movements and commercialization trends provide fresh insight into supply availability and market sentiment heading into the summer months. 

Production draws to an end 

Spain produced 13,114 tonnes of olive oil in April, a sharp decline from 81,852 tonnes in March as harvesting activity came to an end.

This brings the total cumulative production for the 2025–2026 season to:

• 1,294,590 tonnes

This final figure is 5.6% below MAPA’s initial estimate of 1,371,938 tonnes and approximately 9% lower than last season’s total production.

The shortfall is largely attributed to persistent heavy rainfall and strong winds during the peak harvest period between December and February, which disrupted harvesting schedules and led to fruit falling.

Mill stocks decline as supply moves through market

Total olive oil stocks at the end of April stood at 863,339 tonnes. This represents a decrease of 76,964 tonnes compared with March levels. Stock distribution across the sector is as follows: 

• Olive mills: 600,270 tonnes (–13.33% tonnes from March)
• Bottlers: 254,325 tonnes (+6.82% tonnes from March)
• Olive-growing foundation: 8,744 tonnes (–8.85% tonnes from March)

The continued drawdown in mill stocks reflects the steady transfer of oil into commercial channels, while the increase in bottler inventories points to ongoing packaging activity and sustained downstream demand.

April outputs show commercial slowdown

Total market outputs in April were:

• 94,527 tonnes

This marks a decline of 24,455 tonnes from March’s exceptionally strong 118,982 tonnes, a 20.55% reduction.

The softer pace of commercialization reflects a more cautious market environment. With production now complete and overall supply below early-season expectations, many operators are managing inventories carefully to ensure sufficient availability until the start of the next harvest.

Market outlook

April’s figures reinforce the view that the Spanish olive oil market is entering a period of tighter supply management.

Although demand remains solid, slower monthly outputs suggest buyers are becoming more selective, while producers and traders are prioritizing stock preservation over aggressive selling.

With cumulative production falling just short of initial forecasts and mill stocks continuing to decline, renewed upward pressure on prices could emerge over the coming months, particularly if demand strengthens or concerns around the next harvest begin to influence market sentiment. Attention has shifted to early forecasts for the 2026–2027 harvest, which will be critical in shaping price direction and supply expectations.