Olive Oil Prices & Market Digest | Week 9, 2026
The Mediterranean olive oil market remains tense, driven by rising extra virgin olive oil (EVOO) prices, limited high-quality supply, and uneven distribution across key producing countries. Traditional powerhouses such as Spain, Italy, and Greece are facing climate-related challenges and a scarcity of high-quality supply, while emerging players like Tunisia are becoming critical sourcing options.
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EVOO price comparison by country
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Spain
Spain’s EVOO market has climbed to €4.20–5.00/kg, supported by limited high-grade supply. Purchasing activity remains very low, as most recent demand was satisfied in prior weeks. Domestic and Italian buyers are waiting for prices to stabilize.
Refined and lampante oils are under downward pressure, trading at €3.50/kg and €3.40/kg, respectively, as recent storms caused olives to fall early, boosting lower-grade production.
Olive harvesting continues despite recent heavy rains, with production expected to be strong in February. While some market participants anticipate that the MAPA forecast will be met, others remain cautious. Looking ahead, refined and lampante oils may decline further, whereas EVOO prices are likely to stay firm.
Greece
The Greek market shows a firming price trend, though transaction volumes remain very limited and buyer activity is highly selective.
Supply is extremely tight in the top-quality segment, with premium EVOO (acidity <0.4%) commanding significant premiums. Marginal EVOO is trading around €4.60/kg, while lampante prices have strengthened over the past two weeks.
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Italy
Italy’s market remains cautious, with buyers holding off amid expectations of potential price corrections. EVOO is currently trading at €6.50–7.50/kg.
Buyer interest is selective, focusing on acquiring high-quality volumes while avoiding long-term contracts at peak prices. Greek-origin oils are particularly sought after in this market.
Tunisia
Tunisia has emerged as a key alternative to Spanish and Greek supply. Prices have risen from €3.20/kg to approximately €3.70–3.95/kg (Ex-Works) over the past four weeks.
Monitoring Tunisian export flows is critical, as European price stability may increasingly depend on Tunisian availability.
Portugal
Portugal’s impact on the broader market remains minimal due to low stock levels and limited competitiveness. Its short-term influence on prices is negligible.
Market outlook
- Key players to monitor: Spain and Tunisia remain central to European price stability. Greece offers premium EVOO opportunities, though volumes are very limited.
- Refined oils: Expected to trend downward through March, reflecting quality pressures from the Spanish harvest.
- Contracting strategy: Step-by-step purchasing is recommended rather than locking in long-term contracts at current high prices.
- Diversification: Blends such as pomace and sunflower oils can help hedge against EVOO volatility.
As the Mediterranean harvest enters its final two months, supply, quality, and pricing will determine opportunities and risks for producers, distributors, and end-users alike.
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