| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Olive Oil | Italy | FOB | USD 4,730.67/MT | May 2026 |
| Olive Oil | USA | FOB | USD 4,849.86/MT | May 2026 |
| Olive Oil | Spain | FOB | USD 3,930.54/MT | May 2026 |
| Olive Oil | Greece | FOB | USD 3,469.15/MT | May 2026 |
| Olive Oil | Tunisia | FOB | USD 3,188.82/MT | May 2026 |
| Olive Oil | Italy | FOB | USD 5,258.86/MT | April 2026 |
| Olive Oil | USA | FOB | USD 6,068.89/MT | April 2026 |
| Olive Oil | Spain | FOB | USD 4,080.87/MT | April 2026 |
| Olive Oil | Greece | FOB | USD 3,809.75/MT | April 2026 |
| Olive Oil | Tunisia | FOB | USD 3,248.80/MT | April 2026 |
Stay updated with the latest olive oil prices, historical data, and tailored regional analysis
In Q1’26, the olive oil price curve witnessed mixed trends globally. Prices for olive oil began declining at the start of 2026 due to improved harvesting in southern Europe, resulting in better crop yields as opposed to previous drought periods, which corrected the supply shortages and helped stabilize prices. These declining prices did not last long due to the outbreak of the Iran war, which resulted in higher crude oil prices, which in turn contributed to higher freight and transport prices, leading to an increase in prices for olive oil.
Feedstock conditions improved compared to previous seasons, but USDA indicates EU production may slightly decline to 2.0 million tonnes in 2025/26. This restricted the amount of surplus available, and hence prices remained relatively stable despite being low. In terms of trade, the U.S. still depends heavily on imported supplies for over 95% of their consumption, with almost 86% of supplies coming from Mediterranean regions. The Strait of Hormuz shipping rerouting and longer transit times increased logistics costs, which led to price increases after the initial decline, while earlier high prices had already reduced consumption levels globally.
Analyst Insight
According to Procurement Resource, olive oil prices are expected to remain firm with slight upward pressure due to elevated logistics costs and ongoing geopolitical disruptions.
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In the second half of 2025, olive oil prices showed notable fluctuations across major producing countries. Spain, the world’s largest producer, experienced a recovery in production after two dry years. This led to a drop in prices initially, which helped boost domestic and international consumption.
Italy, however, maintained high prices for its extra-virgin olive oil, creating a wide gap compared to Spanish oil. Greece, Portugal, Tunisia, and Turkey also saw increases in production, though Turkey faced a lower yield compared to its record harvest the previous year, which caused local prices to rise sharply.
In Morocco, abundant production after previous shortages caused prices to fall significantly, easing pressure on both domestic and export markets. Despite these swings, the Mediterranean region continued to face climate-related risks, including droughts, heatwaves, and unpredictable rainfall, which added uncertainty to supply and pricing. In Turkey, market activity before the new harvest pushed prices upward, as existing stocks were low and demand, especially from the United States, increased.
Italy faced challenges due to market concentration and unfair competition, which suppressed local extra-virgin olive oil prices despite high quality. Overall, price movements reflected a combination of production recovery, regional demand differences, climate volatility, and market dynamics.
Olive Oil is a liquid fat obtained from olives. With the melting point -6°C, boiling point 700°C and smoke point 190-215°C, 175°C, and 210°C for extra virgin, virgin, and refined olive oil, respectively, it is the most common vegetable oil.
People who consume an olive oil rich diet appear to have a higher life expectancy along with lower chances of dying from cardiovascular disease. Fresh olive oil has a pungent, fruity smell, while rancid olive oil has little smell or may smell like crayons or stale peanuts. It has a bitter taste with no fruitiness.
Cooking, Frying food , Cosmetics, Pharmaceuticals, Soaps, Traditional oil lamps, Skin care
Olea europaea l. fruit oil
Sovena Group, Mosselman S.A, Cargill, Incorporated, Archer Daniels Midland Company (Oilio®)
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Olive Oil is produced through the extraction of oil present in olive drupes. The oil is produced in the mesocarp cells, and stored in a specific kind of vacuole called a lipo vacuole. The extraction process involves separation of oil from other fruit contents, that is, vegetative extract liquid and solid material. This separation can be attained by physical means alone, that is, oil and water do not mix.
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