Olive Oil Prices & Market Digest | Week 26, 2026
The olive oil market remained quiet in Week 26, with prices easing across the main producing countries due to limited trading, cautious buyers and expectations of another strong harvest. Summer weather remains the key factor for the 2026/27 crop yield.
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Spain’s olive oil market
Spain continues to see prices declining across all olive oil categories. Trading activity remains limited, with many producers unwilling to sell at current prices while buyers also remain on standby. Consumption remains weak, resulting in slower sales.
At the same time, bottlers and refineries are adequately covered with inventories and are not making many large purchases at the moment.
The correction of the latest AICA figures created additional uncertainty among market participants, reinforcing cautious buying behaviour.
Stocks continue to decline gradually, reducing available supply, keeping attention on the upcoming harvest.
Current prices:
- Extra Virgin Olive Oil (EVOO): €3.50–4.00/kg
- Virgin Olive Oil (VOO): €3.25–3.50/kg
- Lampante Olive Oil: €3.00/kg
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Greece’s olive oil market
Greek olive oil prices also weakened this week amid little trading. Demand remains subdued, and limited buyer interest is keeping transactions low.
Current prices:
- EVOO: €3.70–4.50/kg
Italy's olive oil market
Italian olive oil prices continued to decrease, although it remains the highest-priced origin.
The decline is driven by significantly higher domestic stocks compared with last year, alongside competition from lower-cost imported olive oils. Trading activity remains limited, with market participants awaiting a clearer market direction.
Current prices:
- EVOO: €4.50–5.50/kg
Tunisia's olive oil market
Tunisia remains competitive in export markets, although availability is becoming increasingly limited. Olive oil prices also eased this week.
Current prices:
- EVOO: €3.60–4.00/kg
EVOO cross-market snapshot
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The price gaps between the main producing origins continue to narrow. Spain, Greece and Tunisia are now trading within a tighter EVOO price range, while Italy maintains a modest premium compared with earlier in the season.
Looking ahead
The market remains focused on olive grove health and weather developments in the main producing regions. Fruit set has progressed well, and the outlook for the 2026/27 crop remains favourable, but final production potential will really depend on how groves perform during the peak summer heat.
Stocks are gradually tightening, and most of the current crop has already sold, meaning even a modest increase in buying activity later in the summer could quickly influence prices in this slow, late-season market. For now, expectations of a solid upcoming harvest and weak demand are likely to keep prices lower.
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