Olive Oil Prices & Market Digest | Week 17, 2026
Olive oil prices remained stable in Week 17 of 2026, but market activity across Spain, Greece, Italy, and Tunisia continues to be constrained by weak demand and limited buying interest. As the Spanish harvest draws to a close and early signs point to a strong upcoming crop, the market remains in a holding pattern, with sellers cautious and buyers largely absent.
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Spain’s olive oil market
Spain’s olive oil market remains notably subdued this week, with very limited trading activity and little appetite from buyers. Sellers, meanwhile, show no urgency, resulting in a stagnant and balanced market.
Extra Virgin Olive Oil (EVOO) is currently priced at €4.15–4.80/kg, Virgin Olive Oil (VOO) at €3.80–4.00/kg, and Lampante has risen to ~€3.50/kg. Both supply and demand remain low, keeping prices relatively stable, though recent transactions show a slight upward trend.
The 2025/26 production campaign is now nearing its end, with only minimal volumes still being processed. For the next harvest, field conditions are very positive: Flowering is progressing well across key regions, and orchard health is strong
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Greece’s olive oil market
The Greek olive oil market is also experiencing very low activity, with limited transactions and soft demand. A key driver of current weakness is the absence of Italian buying, which traditionally supports Greek exports. EVOO is priced at €4.20–5.20/kg, VOO at €3.60–4.05/kg, and Lampante at €2.75–2.95/kg,
Although available supply is not abundant, demand remains too weak to support prices. Many producers have been holding stock for extended periods, and selling pressure is expected to increase, potentially leading to further price corrections in the coming weeks.
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Italy's olive oil market
Italy’s market remains quiet and cautious, with low trading volumes and subdued consumption. EVOO remains priced at €6.50–7.00/kg.
Prices continue to hold firm at a premium compared to other origins, but market uncertainty persists, driven largely by reduced domestic consumption and hesitant buying behaviour.
On the production side, field conditions are positive, and early expectations for the next campaign are encouraging.
Tunisia's olive oil market
Tunisia continues to face a supply-heavy market, with significant volumes still unsold. EVOO prices remain relatively high around €3.80–4.00/kg, moving closer to Spanish benchmarks, but demand has yet to respond, leaving the market under pressure.
There is reduced purchasing activity from Spain and Italy, sellers are showing increased flexibility, and there is an overall decline in trading activity
EVOO price comparison by country
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Market outlook
The global olive oil market in Week 17 remains in a low-activity holding pattern, characterized by:
● Weak demand across all major producing countries
● Adequate supply, tighter in European origins, with surplus pressure in Tunisia
● Generally stable prices, with downward risk emerging in Greece
Looking ahead:
● The end of Spain’s production campaign will shift full attention to the next harvest
● Strong flowering and healthy orchard conditions support expectations for a solid 2026/27 crop
● Consumption trends and international buying interest will be decisive in shaping price direction
In the short term, the market is expected to remain quiet, with limited transactions and slight downward pressure as selling becomes more urgent.
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