OLIVE OIL PRICES - September 2023 update

1 notes


Bari, Italy, Chania, Greece and Jaén, Spain are the most representative olive oil markets of the European Union. They cover more than 60% of global olive oil production. Prices in these three countries, particularly in Spain, have an impact on other producing countries, and mainly on the oils they intend to export.

From the 2011/2012 crop year to the 2022/2023 crop year, extra virgin olive oil in Jaén, Spain cost less than €229.6 per 100kg for 25% of the time, and 25% of the time it exceeded €347.1 per 100kg. The average price in this period was around €306.4 per 100kg. The maximum and minimum prices were €852 and €174.3 per 100kg respectively.

The IOC’s latest figures put extra virgin olive oil at €852 per 100kg (+116.5% compared to the same period previous crop year).

Refined olive oil prices in Jaén, Spain stood at €747.5 per 100kg (+100.3% compared to the same period previous crop year).

In Bari, Italy, extra virgin olive oil cost less than €339 per 100kg for 25% of the time, and 25% of the time it exceeded €548.5 per 100kg. The average price in this period was around €442.2 per 100kg. The maximum and minimum prices were €908 and €221 per 100kg respectively.

The IOC’s latest figures put extra virgin olive oil at €908 per 100kg (+78.7% compared to the same period previous crop year).

Chania, Greece , saw extra virgin olive oil cost less than €246 per 100kg for 25% of the time, and exceeded €320 per 100kg for 25% of the time. The average price in this period was around €290.9 per 100kg. The maximum and the minimum prices were €745 and €182 per 100kg respectively.

The IOC’s latest figures put extra virgin olive oil at €745 per 100kg (+122.4% compared to the same period previous crop year).

The latest figures for the price of extra virgin olive oil in Trás-os-montes-Portugal, Portugal, put it at €770 per 100kg.

Extra virgin olive oil from Tunisia starts to fall in the 2019/2020 crop year, coming in at €192 per 100kg in September 2020. The average crop year was €228.7 per 100kg, this figure for the 2020/2021 crop year was €328.1. In the second week of June 2023, the price reached €618 per 100kg.

The latest figures for extra virgin olive oil in Türkiye put it at €264 per 100kg in December 2018.


1. Jaén, Spain

From the 2011/2012 crop year to the 2022/2023 crop year, extra virgin olive oil in Jaén, Spain:

  • stood below €229.6 per 100kg 25% of the time;
  • stood above €347.1 per 100kg 25% of the time;
  • had an average price of around €306.4 per 100kg;
  • reached a maximum of €852 per 100kg;
  • reached a minimum of €174.3 per 100kg.

The latest figure gathered by the IOC for extra virgin olive oil price stood it at €852 per 100kg (+116.5% compared to the same period previous crop year).

Refined olive oil prices in Jaén-Spain stood at €747.5 per 100kg (+100.3% compared to the same period previous crop year).


1.1 Weekly olive oil prices

Reference from Reference to Crude olive-pomace oil Extra virgin olive oil Lampante olive oil Refined olive oil Virgin olive oil
2022-09-26 2022-10-02 177.0 395.3 381.8 373.1 386.2
2022-10-03 2022-10-09 177.0 416.5 390.5 374.6 398.5
2022-10-10 2022-10-16 179.5 442.5 416.5 394.6 425.0
2022-10-17 2022-10-23 181.0 459.0 423.5 394.6 437.5
2022-10-24 2022-10-30 183.0 470.5 431.0 394.6 444.0
2022-10-31 2022-11-06 183.0 472.0 433.5 394.6 446.0
2022-11-07 2022-11-13 184.0 472.5 435.5 394.6 448.5
2022-11-14 2022-11-20 184.0 471.5 436.5 394.6 449.5
2022-11-21 2022-11-27 193.0 476.0 442.5 394.6 455.5
2022-11-28 2022-12-04 195.0 502.5 469.5 394.6 482.5
2022-12-05 2022-12-11 199.5 520.5 480.7 394.6 495.6
2022-12-12 2022-12-18 200.5 521.5 489.5 394.6 498.5
2022-12-19 2022-12-25 201.5 529.0 494.0 394.6 508.0
2022-12-26 2023-01-01 203.5 529.0 494.0 394.6 508.0
2023-01-02 2023-01-08 205.0 529.0 494.0 394.6 508.0
2023-01-09 2023-01-15 210.5 527.5 482.0 491.5 496.5
2023-01-16 2023-01-22 212.5 536.0 473.5 489.5 494.0
2023-01-23 2023-01-29 213.5 518.0 463.5 484.5 492.5
2023-01-30 2023-02-05 213.5 518.0 455.0 474.5 476.5
2023-02-06 2023-02-12 213.5 518.0 442.5 459.0 460.5
2023-02-13 2023-02-19 214.0 524.5 453.0 464.5 478.0
2023-02-20 2023-02-26 213.5 524.5 470.0 478.5 492.5
2023-02-27 2023-03-05 214.0 526.0 479.0 480.0 495.0
2023-03-06 2023-03-12 211.0 524.5 473.5 483.5 495.0
2023-03-13 2023-03-19 211.0 526.0 473.5 483.5 497.0
2023-03-20 2023-03-26 211.5 519.0 473.5 485.0 493.5
2023-03-27 2023-04-02 212.5 517.0 473.5 481.0 490.0
2023-04-03 2023-04-09 212.5 522.0 480.0 481.0 487.5
2023-04-10 2023-04-16 212.5 521.5 480.0 481.0 486.5
2023-04-17 2023-04-23 205.0 538.0 498.5 499.0 507.5
2023-04-24 2023-04-30 205.0 553.0 508.0 499.0 521.5
2023-05-01 2023-05-07 205.0 570.5 520.0 509.0 527.5
2023-05-08 2023-05-14 205.0 580.0 532.5 509.0 542.5
2023-05-15 2023-05-21 210.0 591.5 539.0 549.0 545.0
2023-05-22 2023-05-28 211.5 608.5 564.0 581.5 585.0
2023-05-29 2023-06-04 212.5 611.0 564.0 571.5 580.0
2023-06-05 2023-06-11 213.0 619.0 569.0 571.5 590.0
2023-06-12 2023-06-18 213.0 620.0 572.5 571.5 590.5
2023-06-19 2023-06-25 217.5 645.0 592.5 595.0 610.0
2023-06-26 2023-07-02 220.5 658.5 599.5 600.0 622.5
2023-07-03 2023-07-09 221.0 666.5 605.5 605.0 628.5
2023-07-10 2023-07-16 223.0 698.5 624.5 612.5 652.0
2023-07-17 2023-07-23 224.0 718.5 638.0 617.5 671.0
2023-07-24 2023-07-30 224.0 756.0 658.0 627.5 696.0
2023-07-31 2023-08-06 219.0 758.5 659.5 637.5 691.0
2023-08-07 2023-08-13 219.0 768.5 674.5 647.5 691.0
2023-08-14 2023-08-20 217.0 774.0 676.0 650.0 691.0
2023-08-21 2023-08-27 215.0 789.0 701.5 670.0 691.0
2023-08-28 2023-09-03 212.5 821.5 731.0 730.0 757.0
2023-09-04 2023-09-10 215.0 833.5 731.0 728.5 767.0
2023-09-11 2023-09-17 215.0 852.0 763.5 747.5 789.5
Price (€/100kg)
Extra virgin olive oil

Virgin olive oil

Refined olive oil
100
200
300
400
500
600
700
800
900
2020

1.2 Week over week variation rates

ReferenceFrom ReferenceTo Crude olive-pomace oil Variation rates Extra virgin olive oil Variation rates Lampante olive oil Variation rates Refined olive oil Variation rates Virgin olive oil Variation rates
2022-09-26 2022-10-02 58.7 26.4 30.3 26.7 29.5
2022-10-03 2022-10-09 58.7 31.7 34.1 28.3 30.7
2022-10-10 2022-10-16 61.0 40.5 44.9 35.8 42.1
2022-10-17 2022-10-23 62.3 45.4 48.0 38.0 46.7
2022-10-24 2022-10-30 64.1 48.0 51.2 38.0 50.0
2022-10-31 2022-11-06 64.1 51.2 52.1 38.0 55.9
2022-11-07 2022-11-13 65.0 53.9 58.2 38.0 52.0
2022-11-14 2022-11-20 65.0 54.3 58.6 37.7 57.7
2022-11-21 2022-11-27 73.1 51.4 59.2 37.3 59.3
2022-11-28 2022-12-04 74.9 53.4 67.1 36.8 64.7
2022-12-05 2022-12-11 78.9 65.5 72.9 37.3 73.3
2022-12-12 2022-12-18 79.8 59.2 74.2 36.8 70.1
2022-12-19 2022-12-25 80.7 62.0 76.0 37.7 73.1
2022-12-26 2023-01-01 80.9 60.3 70.1 34.4 69.3
2023-01-02 2023-01-08 82.4 60.0 69.2 34.8 68.5
2023-01-09 2023-01-15 77.9 56.8 61.7 63.0 59.6
2023-01-16 2023-01-22 77.8 60.7 57.6 61.6 58.1
2023-01-23 2023-01-29 72.2 55.3 57.7 61.0 60.7
2023-01-30 2023-02-05 71.0 61.6 56.1 57.6 55.5
2023-02-06 2023-02-12 68.1 62.9 50.0 52.5 50.5
2023-02-13 2023-02-19 65.7 61.6 52.3 54.1 54.2
2023-02-20 2023-02-26 64.4 60.3 58.0 59.2 58.9
2023-02-27 2023-03-05 63.2 57.1 56.1 56.1 58.8
2023-03-06 2023-03-12 51.3 47.5 43.3 47.0 46.2
2023-03-13 2023-03-19 51.3 44.1 36.7 42.6 40.0
2023-03-20 2023-03-26 26.6 43.2 40.3 43.1 41.0
2023-03-27 2023-04-02 5.7 47.1 46.1 41.9 45.8
2023-04-03 2023-04-09 5.4 48.9 50.7 41.9 45.7
2023-04-10 2023-04-16 5.4 49.4 53.1 41.9 45.9
2023-04-17 2023-04-23 1.6 56.4 57.5 51.0 54.0
2023-04-24 2023-04-30 1.9 61.2 59.5 51.9 59.0
2023-05-01 2023-05-07 3.8 67.1 63.3 54.5 61.3
2023-05-08 2023-05-14 NA 71.1 67.2 54.2 65.9
2023-05-15 2023-05-21 10.8 74.5 68.4 66.4 66.2
2023-05-22 2023-05-28 14.0 80.3 76.8 76.2 79.4
2023-05-29 2023-06-04 15.2 81.0 76.5 74.8 79.0
2023-06-05 2023-06-11 16.7 86.4 78.6 74.8 82.4
2023-06-12 2023-06-18 18.3 86.7 80.0 74.8 82.5
2023-06-19 2023-06-25 21.7 93.7 83.7 78.9 86.3
2023-06-26 2023-07-02 24.1 95.0 83.3 79.0 88.2
2023-07-03 2023-07-09 25.2 92.0 80.6 73.6 84.0
2023-07-10 2023-07-16 27.8 96.5 81.3 72.8 86.6
2023-07-17 2023-07-23 28.4 98.2 83.9 73.0 90.6
2023-07-24 2023-07-30 28.4 108.3 88.6 75.5 96.8
2023-07-31 2023-08-06 25.5 105.6 87.7 78.3 95.2
2023-08-07 2023-08-13 25.5 106.3 92.0 81.1 95.2
2023-08-14 2023-08-20 24.4 107.8 92.4 81.8 95.2
2023-08-21 2023-08-27 22.5 104.1 88.3 80.8 88.8
2023-08-28 2023-09-03 20.7 110.4 94.9 97.0 97.1
2023-09-04 2023-09-10 21.5 111.8 93.6 95.3 99.0
2023-09-11 2023-09-17 21.5 116.5 100.4 100.3 104.0
Week over week price variation rates (%)
Extra virgin olive oil

Virgin olive oil

Refined olive oil
-40
-20
0
20
40
60
80
100
120
140
2020

1.3 Monthly extra virgin olive oil average prices

2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23
October 254.6 234.9 263.9 378.6 315.1 372.4 264.9 214.1 222.3 316.2 447.1
November 241.8 231.9 285.8 333.5 326.5 362.0 274.1 207.1 236.7 309.8 473.0
December 248.2 211.0 305.7 307.6 341.9 357.0 280.8 209.2 250.2 328.6 520.5
January 290.5 202.3 322.0 328.2 355.1 362.9 267.0 204.9 251.4 334.5 527.6
February 298.0 204.3 324.1 328.8 376.3 357.5 262.1 204.0 266.0 322.6 521.2
March 295.4 200.1 324.5 321.4 383.9 320.5 245.4 213.6 272.9 353.8 522.5
April 288.0 203.0 332.2 315.7 390.1 303.7 235.4 205.9 296.5 346.6 533.6
May 277.4 197.9 353.8 300.0 400.7 273.0 229.5 199.2 335.6 339.2 587.6
June 274.9 209.1 354.5 299.4 394.7 270.9 219.1 196.2 328.4 334.4 630.7
July 270.5 237.6 373.4 310.1 383.2 279.0 227.5 190.6 327.5 357.0 709.9
August 261.6 264.0 415.4 311.5 382.0 276.9 224.9 198.2 322.1 375.1 782.3
September 258.7 270.2 414.3 317.4 373.4 276.2 222.6 207.1 325.1 393.7 842.8
Average 271.6 222.2 339.1 321.0 368.6 317.7 246.1 204.2 286.2 342.6 591.6

1.4 Price estimation of extra virgin olive oil according with consumption prevision 2

2011/20122012/20132013/20142014/20152015/20162016/20172017/20182018/20192019/20202020/2021440480520560100200300400
Consumption (*1000t)Price € / 100 kg
2011/20122012/20132013/20142014/20152015/20162016/20172017/20182018/20192019/20202020/20216009001200150018001002003004002011/20122012/20132013/20142014/20152015/20162016/20172017/20182018/20192019/20202020/20214080120
Production (*1000t)Import (*1000t)Price € / 100 kg

2. Bari, Italy

From the 2011/2012 to the 2022/2023 crop year, the price of extra virgin olive oil in Bari, Italy:

  • stood below €339 per 100kg 25% of the time;
  • stood above €548.5 per 100kg 25% of the time;
  • had an average price of around €442.2 per 100kg;
  • reached a maximum of €908 per 100kg;
  • reached a minimum of €221 per 100kg.

The latest figure gathered by the IOC for extra virgin olive oil price gave €908 per 100kg (+78.7% compared to the same period previous crop year).


2.1 Weekly olive oil prices and week over week variation rate 3

ReferenceFrom ReferenceTo Extra virgin olive oil Extra virgin olive oil Variation rates
2022-09-26 2022-10-02 508 21.0
2022-10-03 2022-10-09 508 21.0
2022-10-10 2022-10-16 531 26.4
2022-10-17 2022-10-23 540 28.6
2022-10-24 2022-10-30 540 33.3
2022-10-31 2022-11-06 550 22.2
2022-11-07 2022-11-13 583 33.1
2022-11-14 2022-11-20 593 35.4
2022-11-21 2022-11-27 605 44.4
2022-11-28 2022-12-04 610 56.4
2022-12-05 2022-12-11 610 56.4
2022-12-12 2022-12-18 610 56.4
2023-01-02 2023-01-08 610 49.5
2023-01-09 2023-01-15 610 49.5
2023-01-16 2023-01-22 610 47.7
2023-01-23 2023-01-29 610 47.7
2023-01-30 2023-02-05 610 47.7
2023-02-06 2023-02-12 610 47.7
2023-02-13 2023-02-19 608 47.2
2023-02-20 2023-02-26 605 46.5
2023-02-27 2023-03-05 603 46.0
2023-03-06 2023-03-12 603 46.0
2023-03-13 2023-03-19 603 46.0
2023-03-20 2023-03-26 603 40.9
2023-03-27 2023-04-02 605 40.7
2023-04-03 2023-04-09 605 40.7
2023-04-10 2023-04-16 605 40.7
2023-04-17 2023-04-23 608 41.4
2023-04-24 2023-04-30 610 41.9
2023-05-01 2023-05-07 618 42.1
2023-05-08 2023-05-14 623 43.2
2023-05-15 2023-05-21 633 45.5
2023-05-22 2023-05-28 638 46.7
2023-05-29 2023-06-04 675 55.2
2023-06-05 2023-06-11 683 57.0
2023-06-12 2023-06-18 705 62.1
2023-06-19 2023-06-25 720 65.5
2023-06-26 2023-07-02 790 81.6
2023-07-03 2023-07-09 790 81.6
2023-07-10 2023-07-16 815 87.4
2023-07-17 2023-07-23 865 96.6
2023-07-24 2023-07-30 900 100.0
2023-07-31 2023-08-06 900 100.0
2023-08-07 2023-08-13 900 106.9
2023-08-14 2023-08-20 900 106.9
2023-08-21 2023-08-27 900 104.5
2023-08-28 2023-09-03 900 94.4
2023-09-04 2023-09-10 908 80.5
2023-09-11 2023-09-17 908 78.7
Price (€/100kg)
Extra virgin olive oil

Virgin olive oil

Refined olive oil
100
200
300
400
500
600
700
800
900
2020
Week over week price variation rates (%)
Extra virgin olive oil

Virgin olive oil

Refined olive oil
-60
-40
-20
0
20
40
60
80
100
120
140
160
2020

2.2 Monthly extra virgin olive oil average prices

2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23
October 286.2 289.4 408.8 471.0 443.3 538.8 513.0 440.0 411.0 416.2 529.8
November 274.0 266.8 559.7 357.2 571.2 446.8 581.0 380.0 480.0 436.2 582.8
December 282.0 265.0 546.7 343.6 564.0 401.0 595.8 320.0 480.0 390.0 610.0
January 314.8 291.2 589.8 351.5 578.5 422.5 606.2 291.0 480.0 410.5 610.0
February 317.2 309.0 603.0 363.0 599.0 414.5 605.0 305.0 478.8 413.0 608.2
March 320.2 321.2 602.5 355.4 614.0 407.2 605.0 310.0 468.2 419.4 603.4
April 321.5 335.8 594.8 354.2 609.5 406.0 601.0 324.0 465.0 430.0 607.0
May 318.0 352.2 587.7 355.5 593.5 404.2 599.2 336.2 461.7 435.0 628.0
June 312.5 366.2 569.0 354.0 588.2 413.2 562.5 340.0 460.0 435.0 714.6
July 311.8 372.6 538.2 354.2 560.8 446.8 505.0 352.2 452.0 440.0 842.5
August 312.0 403.0 553.0 370.0 550.0 346.2 505.0 365.0 432.5 450.0 900.0
September 302.8 409.5 539.5 385.2 545.2 509.0 473.8 382.5 422.6 498.0 908.0
Average 306.1 331.8 557.7 367.9 568.1 429.7 562.7 345.5 457.6 431.1 678.7

2.3 Price estimation of extra virgin olive oil according with consumption prevision 4

2011/20122012/20132013/20142014/20152015/20162016/20172017/20182018/20192019/20202020/2021400450500550600650200400600
Consumption (*1000t)Price € / 100 kg
2011/20122012/20132013/20142014/20152015/20162016/20172017/20182018/20192019/20202020/20212003004002004006002011/20122012/20132013/20142014/20152015/20162016/20172017/20182018/20192019/20202020/20214080120
Production (*1000t)Import (*1000t)Price € / 100 kg

3. Chania, Greece

From the 2011/2012 to the 2022/2023 crop year, the price of extra virgin olive oil in Chania, Greece:

  • stood below €246 per 100kg 25% of the time;
  • stood above €320 per 100kg 25% of the time;
  • had an average price of around €290.9 per 100kg;
  • reached a maximum of €745 per 100kg;
  • reached a minimum of €0 per 100kg.

The latest figures for extra virgin olive oil stood at €745 per 100kg (+122.4% compared to the same period previous crop year).


3.1 Weekly olive oil prices and week over week variation rate 5

ReferenceFrom ReferenceTo Extra virgin olive oil Lampante olive oil Virgin olive oil Extra virgin olive oil Variation rates Lampante olive oil Variation rates Virgin olive oil Variation rates
2022-09-26 2022-10-02 325 240 280 3.2 -4.0 12.0
2022-10-03 2022-10-09 355 240 310 12.7 20.0 24.0
2022-10-17 2022-10-23 385 260 320 26.2 30.0 28.0
2022-10-24 2022-10-30 385 260 320 26.2 30.0 28.0
2022-10-31 2022-11-06 414 260 333 35.7 30.0 33.2
2022-11-07 2022-11-13 414 260 330 NA 30.0 32.0
2022-11-14 2022-11-20 405 280 350 NA 40.0 40.0
2022-11-21 2022-11-27 405 280 350 37.3 55.6 75.0
2022-11-28 2022-12-04 445 340 380 45.9 54.5 52.0
2022-12-05 2022-12-11 465 330 370 52.5 50.0 48.0
2022-12-12 2022-12-18 475 350 380 55.7 59.1 52.0
2022-12-19 2022-12-25 455 300 380 49.2 36.4 52.0
2022-12-26 2023-01-01 455 300 380 44.4 36.4 52.0
2023-01-02 2023-01-08 455 300 380 44.4 36.4 52.0
2023-01-09 2023-01-15 455 300 380 44.4 50.0 46.2
2023-01-16 2023-01-22 475 340 390 46.2 70.0 44.4
2023-01-23 2023-01-29 470 350 400 46.9 52.2 48.1
2023-01-30 2023-02-05 470 340 390 46.9 47.8 44.4
2023-02-06 2023-02-12 460 330 380 48.4 50.0 46.2
2023-02-13 2023-02-19 460 330 380 48.4 50.0 46.2
2023-02-20 2023-02-26 450 320 370 45.2 45.5 48.0
2023-03-06 2023-03-12 455 310 370 46.8 40.9 42.3
2023-03-13 2023-03-19 465 320 380 45.3 28.0 46.2
2023-03-20 2023-03-26 465 345 380 45.3 27.8 35.7
2023-03-27 2023-04-02 465 350 400 45.3 52.2 48.1
2023-04-03 2023-04-09 475 350 420 48.4 52.2 55.6
2023-04-10 2023-04-16 490 360 460 53.1 44.0 64.3
2023-04-17 2023-04-23 480 360 450 47.7 50.0 66.7
2023-04-24 2023-04-30 510 NA 500 59.4 NA 85.2
2023-05-01 2023-05-07 510 380 450 59.4 58.3 66.7
2023-05-08 2023-05-14 530 380 450 60.6 52.0 55.2
2023-05-15 2023-05-21 560 390 450 69.7 56.0 55.2
2023-05-22 2023-05-28 540 390 450 63.6 56.0 55.2
2023-05-29 2023-06-04 550 390 470 66.7 56.0 62.1
2023-06-12 2023-06-18 570 380 480 72.7 65.2 77.8
2023-06-19 2023-06-25 590 380 500 84.4 65.2 85.2
2023-06-26 2023-07-02 615 390 500 92.2 69.6 85.2
2023-07-03 2023-07-09 655 430 540 104.7 87.0 100.0
2023-07-10 2023-07-16 685 400 580 114.1 73.9 114.8
2023-07-17 2023-07-23 685 420 580 114.1 82.6 114.8
2023-07-24 2023-07-30 735 430 640 101.4 87.0 113.3
2023-08-28 2023-09-03 735 450 640 122.7 95.7 166.7
2023-09-04 2023-09-10 735 450 640 122.7 125.0 166.7
2023-09-11 2023-09-17 745 450 630 122.4 NA 152.0
Price (€/100kg)
Extra virgin olive oil

Virgin olive oil
100
150
200
250
300
350
400
450
500
550
600
650
700
750
800
2020
Week over week price variation rates (%)
Extra virgin olive oil

Virgin olive oil
-60
-40
-20
0
20
40
60
80
100
120
2020

3.2. Monthly extra virgin olive oil average prices

2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23
October 212.0 241.0 264.2 329.0 295.0 387.9 258.0 268.0 213.3 307.5 375.0
November 217.5 237.2 288.5 301.7 318.4 358.0 284.0 233.8 237.5 300.0 409.5
December 205.7 243.5 293.5 287.0 345.9 333.0 281.3 235.0 236.2 307.5 459.0
January 238.5 246.6 297.9 296.0 345.9 336.8 281.0 214.0 242.1 318.8 463.8
February 241.0 249.0 295.5 303.5 346.0 328.0 284.2 200.0 249.6 312.5 460.0
March 246.0 254.8 294.0 296.3 354.0 312.0 276.8 207.2 257.5 316.0 462.5
April 245.9 258.4 295.2 295.0 362.7 293.0 268.0 205.6 281.1 321.2 488.8
May 240.0 251.5 305.8 293.8 373.4 264.0 268.0 200.0 313.3 327.5 535.0
June 239.8 249.0 309.0 290.0 376.0 260.5 258.0 200.0 307.5 326.0 581.2
July 245.9 251.0 312.2 291.7 367.6 273.0 258.0 200.0 297.0 331.2 690.0
August 246.0 256.0 349.0 295.0 373.5 278.0 258.0 207.3 270.0 330.0 735.0
September 248.9 263.9 346.5 295.0 380.5 270.5 268.0 200.0 307.0 333.0 740.0
Average 235.6 250.2 304.3 297.8 353.2 307.9 270.3 214.2 267.7 319.3 533.3

3.3 Price estimation of extra virgin olive oil according with consumption prevision 6

2011/20122012/20132013/20142014/20152015/20162016/20172017/20182018/20192019/20202020/2021125150175200100200300400
Consumption (*1000t)Price € / 100 kg
2011/20122012/20132013/20142014/20152015/20162016/20172017/20182018/20192019/20202020/20211502002503003501002003004002011/20122012/20132013/20142014/20152015/20162016/20172017/20182018/20192019/20202020/20214080120
Production (*1000t)Import (*1000t)Price € / 100 kg

4. Trás-os-montes-Portugal

The latest figures for extra virgin olive oil in Trás-os-montes, Portugal stood at €770 per 100kg.


4.1 Weekly olive oil prices 7

ReferenceFrom ReferenceTo Extra virgin olive oil
2022-09-26 2022-10-02 356
2023-01-16 2023-01-22 530
2023-01-23 2023-01-29 530
2023-01-30 2023-02-05 552
2023-02-06 2023-02-12 552
2023-02-13 2023-02-19 585
2023-02-20 2023-02-26 560
2023-03-06 2023-03-12 570
2023-03-13 2023-03-19 600
2023-03-20 2023-03-26 600
2023-04-24 2023-04-30 610
2023-05-01 2023-05-07 600
2023-05-08 2023-05-14 565
2023-05-22 2023-05-28 600
2023-06-05 2023-06-11 600
2023-06-19 2023-06-25 600
2023-06-26 2023-07-02 606
2023-07-10 2023-07-16 680
2023-07-17 2023-07-23 669
2023-08-28 2023-09-03 770
Price (€/100kg)
Extra virgin olive oil
150
200
250
300
350
400
450
500
550
600
650
700
750
800
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Jan 2022
Jan 2023

4.2.Monthly extra virgin olive oil average prices

2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23
October 203.8 284.3 265.0 338.3 337.5 NA NA NA NA NA NA
November 220.0 NA NA NA NA NA NA NA NA NA NA
December NA NA NA NA NA NA 310.0 NA NA NA NA
January NA NA NA NA NA 365.0 NA NA 293.3 322.5 530.0
February 290.0 258.3 321.7 328.3 381.7 375.0 325.0 280.0 298.0 325.0 562.2
March 289.5 261.7 320.0 326.7 396.2 385.0 278.3 285.0 302.5 345.2 590.0
April 300.0 257.5 322.0 331.7 386.7 366.7 280.2 NA 307.8 379.5 610.0
May 290.0 263.0 333.8 325.0 383.8 370.0 266.7 285.0 279.5 342.0 588.3
June 287.0 260.0 332.5 327.5 388.0 301.7 272.3 288.3 328.3 348.8 602.0
July 292.5 265.0 330.0 327.5 387.5 280.0 245.0 280.0 310.7 353.7 674.5
August 295.0 260.0 330.0 325.0 385.0 282.5 241.0 280.0 309.7 358.2 770.0
September NA 265.0 336.7 328.3 393.3 282.0 222.0 NA 325.3 355.7 NA
Average 274.2 263.9 321.3 328.7 382.2 334.2 271.2 283.1 306.1 347.8 615.9

5. Jaén, Bari, Chania and Trás-os-montes extra virgin olive oil


5.1 Extra virgin olive oil montly prices

Price (€/100kg)
Bari

Chania

Jaén

Tras-os-Montes
200
300
400
500
600
700
800
900
1000
2020

5.2 Month over month olive oil price variation rates

Month over month variation rates (%)
Bari Variation rates

Chania Variation rates

Jaén Variation rates
-60
-40
-20
0
20
40
60
80
100
120
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Jan 2022
Jan 2023

6. Other olive oil prices in oil mill


6.1 Tunisia 8

Reference Extra virgin olive oil Virgin olive oil
Oct. 2017 352.0 320.0
Nov. 2017 352.0 320.0
Dec. 2017 336.0 304.0
Jan. 2018 336.0 304.0
Feb. 2018 336.0 304.0
Mar. 2018 336.0 304.0
Apr. 2018 336.0 304.0
May. 2018 336.0 304.0
Jun. 2018 336.0 304.0
Jul. 2018 352.0 320.0
Aug. 2018 352.0 320.0
Sep.2018 352.0 320.0
Oct. 2018 320.0 279.0
Nov. 2018 320.0 279.0
Dec. 2018 304.0 264.0
Jan. 2019 304.0 264.0
Feb. 2019 304.0 264.0
Mar. 2019 304.0 264.0
Apr. 2019 304.0 264.0
May 2019 304.0 264.0
Jun. 2019 304.0 264.0
Jul. 2019 320.0 279.0
Aug. 2019 320.0 279.0
Sep.2019 320.0 279.0
Oct. 2019 304.0 288.0
Nov. 2019 304.0 288.0
Dec. 2019 272.0 256.0
Jan. 2020 256.0 224.0
Feb. 2020 240.0 192.0
Mar. 2020 224.0 192.0
Apr. 2020 208.0 176.0
May. 2020 192.0 176.0
Jun. 2020 186.0 186.0
Jul. 2020 186.0 186.0
Aug. 2020 186.0 186.0
Sep.2020 186.0 186.0
Oct. 2020 372.0 310.0
Nov. 2020 372.0 310.0
Dec. 2020 356.5 294.5
Jan. 2021 341.0 294.5
Feb. 2021 325.5 279.0
Mar. 2021 310.0 248.0
Apr. 2021 310.0 248.0
May. 2021 310.0 248.0
Jun. 2021 310.0 248.0
Jul. 2021 310.0 248.0
Aug. 2021 310.0 248.0
Sep.2021 310.0 248.0
Oct. 2021 372.0 310.0
Nov. 2022 372.0 341.0
Dec. 2022 372.0 341.0

6.2 Türkiye

Reference Extra virgin olive oil Virgin olive oil
Oct. 2017 360 340
Nov. 2017 357 334
Dec. 2017 353 330
Jan. 2018 340 309
Feb. 2018 334 307
Mar. 2018 324 299
Apr. 2018 309 288
May. 2018 296 274
Jun. 2018 287 266
Jul. 2018 281 258
Aug. 2018 237 221
Sep.2018 214 199
Oct. 2018 240 224
Nov. 2018 261 244
Dec. 2018 264 241

6.3 Spain

20152020200300400500600
Badajoz - Lampante WeekPriceBadajoz - Lampante

6.4 Italy

20152020200400600800
Bari - Extra virWeekPriceBari - Extra vir

6.5 Greece

20152020200300400500600700
chania - Extra virWeekPricechania - Extra vir

6.6 Portugal

201820202022200300400500600
Alentejo C - Extra virWeekPriceAlentejo C - Extra vir

6.7 Croatia

20142016201820202022202440060080010001200
HRVATSKA - Extra virWeekPriceHRVATSKA - Extra vir

Contact: International Olive Council - Economic and Promotion Unit - Economic Research and Statistics Department https://www.internationaloliveoil.org/


Some of the data are subject to review. Figures are subject to change or correction without notice.

Latest update: Mon Sep 25 16:46:39 2023


  1. IOC own elaboration based on data from the European Commission; the Ministry for Agriculture, Fisheries and Food of Spain; ISMEA (Italy); and information provided by member countries. Some of the data are subject to review. Olive crop year means the period from 1 October of year t to 30 September of year t+1 for olive oil. Olive oil prices in oil mill, in € / 100 kg, without VAT Reg. C.E. 865/04 and 826/08.↩︎

  2. Robust regression using an M estimator has been used. The models are significant for consumption in Jaén and Chania and for consumption and production in Bari. It has been assumed that all the olive oil consumed was extra virgin olive oil. Olive oil consumption includes 150910 - (Virgin Olive Oil) and 150990 - (Olive + Refined Oil).↩︎

  3. No data avalaible for other categories The data for lampante olive oil and virgin olive oil have been estimated in the week from 2020-11-02 to 2020-11-08.↩︎

  4. Robust regression using an M estimator has been used. The models are significant for consumption in Jaén and Chania and for consumption and production in Bari. It has been assumed that all the olive oil consumed was extra virgin olive oil. Olive oil consumption includes 150910 - (Virgin Olive Oil) and 150990 - (Olive + Refined Oil).↩︎

  5. No data avalaible for other categories↩︎

  6. Robust regression using an M estimator has been used. The models are significant for consumption in Jaén and Chania and for consumption and production in Bari. It has been assumed that all the olive oil consumed was extra virgin olive oil. Olive oil consumption includes 150910 - (Virgin Olive Oil) and 150990 - (Olive + Refined Oil).↩︎

  7. No data avalaible for other categories↩︎

  8. Exchange rate: 1 TND = 0.32 EUR; from june 2020 0.31 EUR↩︎