olive oil prices

Sep. 1, 2021

Turkey Lifts Ban on Bulk Olive Oil Exports Ahead of Schedule

The government said it implemented the ban to prevent price speculation and protect small producers. However, many producers largely opposed the prohibition.

Aug. 24, 2021

Algerian Farmers in ‘State of Shock’ After Week of Deadly Fires

While the damage to olive groves has yet to be fully assessed, some experts believe the fires will impact the 2021 harvest and prices.

Aug. 6, 2021

Positive Signs for Olive Oil Sector in E.U. Report

The European Commission expects olive oil exports to hit a record high in 2021. Growing demand, decreasing imports and a steady supply suggest prices will rise too.

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Aug. 2, 2021

Report: Only One-Third of Italian Olive Oil Producers Are Competitive

A report from the Institute of Services for the Agricultural and Food Market addressed Italy’s growing olive oil trade deficit, with production stagnant over the past half-decade while imports and consumption climb.

Jul. 29, 2021

Trucker Shortage, Pay Increases Hit U.S. Olive Oil Market

A sharp increase in truckers' wages has caused a spike in olive oil prices.

Jul. 20, 2021

Edible Oil Prices Expected to Keep Increasing, Olive Oil Levels Remain Steady

Poor harvest outlooks for major edible oil crops paired with steady demand means prices will likely rise until 2022 analysts say.

Apr. 22, 2021

Producers Puzzled by Turkish Ban on Bulk Olive Oil Exports

In a season where 220,000 tons were produced, Turkey has stopped bulk olive oil exports until the end of next October.

Apr. 16, 2021

Olive Oil Prices Hit Two-Year High in Spain

The suspension of U.S. tariffs and global consumption outpacing production contributed to EVOO prices exceeding €3.00 for the first time in three years.

Mar. 4, 2021

Exports and Prices Are Looking Up in Greece

The limited supply of extra virgin olive oil in Europe has created the conditions for an upward trend in producer prices in Greece following an uptick in exports.

Feb. 24, 2021

Hardships in Lebanon Shift Focus to Exports

A devaluing local currency coupled with the scarcity of hard currencies has made production more expensive. Producers are turning to exports as a solution.

Jan. 15, 2021

Apulian Producers Call for More Government Support for Olive Oil Sector

Olive oil prices in Puglia continue to slide despite lower production in 2020. Coldiretti believes the government must do more.

Nov. 18, 2020

Second Wave of Covid Hampers Harvest in Greece

A newly-imposed lockdown has brought Greece to a standstill and created a logistical nightmare for olive growers. Some health experts believe the start of the harvest is partly responsible for the spread of the virus.

Nov. 10, 2020

Europe Allows Cooperatives in Spain to Regulate Supply

After years of lobbying Brussels, Spanish cooperatives will now be able to voluntarily withdraw surplus olive oil from the market.

Jun. 11, 2020

Proposed Reforms to Spanish Olive Oil Sector Met With Skepticism

The Spanish government has put forward a package of 10 measures to help shore up the country's struggling olive oil industry.

Jun. 5, 2020

Farmers Blame Law Violators for Low Olive Oil Prices

An association of Spanish farmers said violations by large companies explain what is continuing to drive olive oil prices lower and called for whistleblower protections.

Jun. 5, 2020

Unusual Spring Heat Brings Early Problems for Greek Farms

A heatwave during the critical flowering stage was enough to raise concerns among growers for their expected yields.

May. 27, 2020

Agriculture Minister's Plea Bespeaks Turmoil in Spain's Olive Oil Sector

Distress on the international market, the Covid-19 aftermath and U.S. tariffs on imports stir the world's largest olive oil producer.

May. 7, 2020

Producers: Spanish Olive Oil Prices Inconsistent With Market Conditions

Spanish farmers and growers have had to contend with sales prices well below the production costs for two seasons in a row. COAG is now demanding an official investigation on prices that have shrunk 37 percent since March 2018

Apr. 21, 2020

Italian Production in 2019 Exceeds Initial Estimates

Italian olive oil production reached 365,000 tons, an increase of 110 percent compared to 2018 and 25,000 tons higher than initial estimates. Consumption, imports and exports also increased.

Apr. 21, 2020

Mixed Fortunes for European Olive Oil Sector Amid Covid-19 Pandemic

Olive oil consumption has crept up as a result of the pandemic and prices of extra virgin, virgin and lampante olive oils have started to stabilize. However, both exports and imports are expected to fall.

Feb. 28, 2020

E.U. Tenders for Private Storage Conclude

The fourth and final tender for private storage aid succeeded in withholding more stocks from the European olive oil market to ease pressure on prices.

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