Weekly Olive Oil Market Updates
Market Updates in Europe
The European olive oil market is currently stable, with prices declining and purchases remaining limited. In this week’s in-depth analysis, we have gathered insights from Wikifarmer's commercial activities, along with expert opinions from the market. To better understand price trends, we have also collected data from our real-time tool, “Price Insights,” which supports data-driven decision-making.
Spain continues to be impacted by persistent rainfall, which is causing prices to decline further. Buyers are hesitant to make purchases, opting instead to wait for prices to drop even more. High-quality extra virgin olive oil that confidently passes panel tests is becoming scarce, as many of the olive oils available, according to our experts, are of very basic quality.
Due to the low prices in other categories, such as refined olive oil, suppliers are eager to sell; however, the market remains cautious. With Easter approaching and the market typically shutting down for a week in both Spain and Greece, an increase in commercial activity in the sector is anticipated next week.
In Greece, prices are falling as buyers are not making purchases despite regional differences. Many producers are actively seeking potential buyers to liquidate their stocks. Prices are projected to stabilize in the coming days around €4.60. Regarding quality, extra virgin olive oil that meets the gold standard is offered at €1 above the average price of €4.50 per kilogram.
Prices for extra virgin olive oil in Spain and Greece have fallen by approximately 13% from the previous month, marking the lowest levels since October 2022. In contrast, Italian olive oil prices have risen by over 3% for standard varieties and more than 6% for organic options, driven by stock shortages. This has created a notable price disparity, with Italian olive oil costing nearly twice as much as its Spanish and Greek counterparts.
Production increases are expected to normalize prices, potentially returning to historical levels of €3.50 to €4.00/kg for extra virgin olive oil. The European Commission projects a 7% increase in EU olive oil consumption for 2024/2025, following a 22% decline over the past two years. These developments suggest a market in flux, balancing between recovery from recent shortages and adapting to changing production landscapes.
Olive Oil Market Outlook: Easter 2025 and Beyond
As we approach the Easter holiday period, the olive oil market is expected to experience some short-term stabilization. Price decreases will likely slow due to seasonal demand factors associated with Easter. Spanish EVOO prices might stabilize or decrease at a slower rate of 0.5-1%, while Italian EVOO prices are anticipated to remain relatively stable, influenced by production constraints and consistent demand for premium products. Market participants may adopt a cautious approach in the lead-up to Easter.
The market continues to search for price equilibrium, with experts recommending "moderate optimism" for the coming months. These projections indicate that while prices are expected to decrease from their recent peaks, the extent of the decline remains uncertain and subject to various market factors.
References
https://olivonews.it/en/ecco-il-prezzo-medio-stimato-per-lolio-di-oliva-2024-2025/
https://www.oliveoiltimes.com/world/experts-predict-significant-decline-in-olive-oil-prices/135452
https://www.certifiedorigins.com/olive-oil-market-report-march-2024/
https://usetorg.com/blog/olive-oil-trends-in-2025
Powerful solutions for you
-webp.webp)
Impactful data: our price insights tool 📈
Analyze historical trends and compare prices across countries or categories.
.jpg)
Education to support sourcing decisions 🎓
Online course: Sustainable Olive Oil Production, Quality, and Economics
