prices

Mar. 13, 2024

High Prices Are Changing How Italians Feel About Olive Oil

Consumer surveys show Italians are buying less extra virgin olive oil, while other data confirm lower supermarket sales.

Mar. 6, 2024

US Surpasses Spain as Second-Largest Olive Oil Consumer

Experts predict the U.S. will overtake Italy to become the world’s largest consumer of olive oil.

Feb. 29, 2024

Turkey's Production Plummets After Last Year's Record Harvest

Adverse weather, a poor fruit set and an ‘off-year’ have led to a meager yield.

Feb. 29, 2024

Supermarkets in Spain Poised to Clash Over Olive Oil Prices

Olive oil prices at origin remain at historic highs, but direct-to-consumer promotions by some brands have supermarkets weighing their next move.

Feb. 23, 2024

After Bumper Harvests, a Sharply Lower Yield in Argentina

An ‘off-year’ harvest, lack of chill hours, and extreme weather events are expected to reduce the yield by as much as 40 percent.

Feb. 19, 2024

A Dismal Harvest Concludes in Greece

With the country’s olive oil production almost halved compared to last year, record prices at origin have shaped a market searching for equilibrium.

Jan. 25, 2024

Record Olive Oil Prices Drive Down Consumption in Spain

Consumers are using less olive oil, buying smaller formats and switching to lower-quality categories.

Jan. 16, 2024

El Niño Decimates Peruvian Olive Harvest

Olive oil production in Peru is expected to fall by as much as 90 percent in 2024.

Jan. 16, 2024

Spain Set to Eliminate Value-Added Tax on Olive Oil Sales

The tax cut is part of wider efforts to address the rising cost of living. The measure would eliminate VAT on olive oil until June 30th.

Jan. 2, 2024

Extra Virgin Olive Oil Sales in Spain Fell by 40 Percent in 2023

The soaring retail price for extra virgin olive oil has driven the vital ingredient out of the reach of many families.

Dec. 21, 2023

Climate Extremes, Economic Pressures Dampen 2023 Harvest, Survey Finds

Olive oil producers gave the 2023 harvest a dismal rating in terms of yields and quality.

Dec. 18, 2023

Tunisia Takes Measures to Lower Olive Oil Prices at Home as Export Revenues Fall

Low fixed prices for Tunisian bulk exports to Europe mean Tunisian farmers are not benefiting from the surge in global olive oil prices.

Nov. 27, 2023

High Olive Oil Prices in Spain Spur Interest in Black Friday Discounts

While prices at origin have dipped slightly, they remain elevated in stores, prompting concern among retailers over theft and consumers over fraud.

Advertisement

Sep. 7, 2023

Spanish Officials Raise Alarm Over Rising Olive Oil Prices While Calling for Calm

Olive oil prices have exceeded €10 per liter at retail and are expected to continue rising. Rain in Andalusia would provide a glimmer of hope for the approaching harvest.

Aug. 24, 2023

Olive Oil Prices Soar in Greece

The shortage of olive oil stocks in Europe and domestic inflation are pushing prices to new heights.

Aug. 18, 2023

Citing Rising Prices and Low Margins, Turkey Bans Bulk Olive Oil Exports

The trade ministry wants to promote the country's packaged olive oil exports while limiting further price rises for domestic consumers.

Aug. 2, 2023

Extra Virgin Olive Oil Prices Could Reach €11/Kg in Italy, Officials Warn

A poor harvest in 2023 combined with low olive oil stocks and anticipation of a modestly higher harvest in 2024 has seen Italian olive oil prices reach unprecedented heights.

Jul. 31, 2023

Concerns Mount Over Olive Oil Shortage in Spain

With olive oil stocks expected to run out by the start of the coming harvest and predictions of another low yield, experts anticipate prices to continue rising.

Jul. 26, 2023

Europe Confirms Steep Decline in Olive Oil Production

In the bloc’s latest short-term agricultural outlook report, E.U. experts said the poor harvest and low stocks will keep pressure on prices.

Jun. 5, 2023

Farmers and Consumers React to Rising Olive Oil Prices

As drought pushes production prices up across the Mediterranean, farmers and consumers adapt.

May. 22, 2023

As Spain Fights Food Inflation, Pressures Keep Mounting

While inflation shows signs of moderation, political uncertainty ahead of a major election and the ongoing drought will continue to put pressure on olive oil and food prices.

More