Olive Oil Prices & Market Digest | Week 27, 2026
Olive oil prices remained stable at low levels during Week 27, with little trading activity across producing countries, in the summer months ahead of the next harvest. Market participants are awaiting clearer indications of 2026/27 production prospects before committing to new business, and expectations for another sizeable Spanish crop continue to keep downward pressure on origin prices.
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Spain’s olive oil market
Spain's olive oil market remained slow this week, with limited buying and selling interest. Trading activity was low, although demand for lampante olive oil improved slightly compared with last week, lifting lampante quotations slightly.
Consumption remains subdued, buyers are showing little urgency, and sellers have few incentives to move significant quantities before greater clarity emerges on the next crop.
It is about one week away from the release of the June AICA data, which participants are eagerly awaiting, especially for an indication of whether stock levels remain comfortable and the supply-demand balance.
Field assessments for the 2026/27 crop remain encouraging, with inspections across major producing areas showing healthy trees and promising fruit loads. Nevertheless, prolonged heat is the main risk factor.
Current origin quotations:
● Extra Virgin Olive Oil (EVOO): €3.50-4.00/kg
● Virgin Olive Oil (VOO): €3.25-3.50/kg
● Lampante Olive Oil: €3.05-3.10/kg
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Greece’s olive oil market
Trading conditions remained thin in Greece, where liquidity remains limited. Buying interest remains scarce, with transactions heavily influencing price movements, resulting in wide bid-offer spreads.
Seller interest increased modestly this week as the next harvest draws nearer. Prices remained soft, with the lower end of the EVOO range edging slightly higher.
Current quotations:
● EVOO: €3.60-4.50/kg
Italy's olive oil market
Italy's olive oil market continued to soften, further wearing down its premium over other origins. Comfortable domestic stock levels and continued availability of lower-priced imported oils have placed pressure on quotations. The lower end of the EVOO price range declined further this week.
Current quotations:
● EVOO: €4.40-5.50/kg
Tunisia's olive oil market
Tunisia has sold the majority of its available olive oil, leaving limited volumes remaining for sale. Prices have increased over the last few months, and as a result, selling activity has slowed considerably. Tunisian olive oil continues to offer one of the most competitive origins in the market. Quotations are stable from last week.
Current quotations:
● EVOO: €3.60-4.00/kg
Portugal's olive oil market
Portugal's market also remained largely inactive during Week 27. The country has limited remaining stocks and is under little pressure to sell before the new harvest. Portuguese EVOO continues to trade marginally below Spanish prices.
EVOO cross-market snapshot
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Market outlook
For now, expectations of another solid Spanish harvest, competitive supplies from Tunisia and subdued trade continue to favour lower origin prices. The key variable over the coming weeks will be the weather.
If favourable crop prospects hold and demand remains low, origin prices are likely to remain under gentle downward pressure through the remainder of the summer, but heat damage concerns could quickly alter market sentiment and trigger a reversal in the current price trend. Until greater clarity emerges, market participants remain cautious and watchful.
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