International Olive Council: producer prices, olive oil

Graph 1 tracks the weekly movements in the prices paid to producers for extra virgin olive oil in the top three EU producing countries and in Tunisia, while graph 3 shows the weekly changes in producer prices for refined olive oil in the three main EU producer countries. The monthly price movements for these categories are given in Graphs 2 and 4.

Extra virgin olive oil – Producer prices in Spain have remained generally stable over the last few weeks coming in at €3.81/kg at the end of August 2017, for a 22% increase compared to the same period the previous year. A comparison of this price with the maximum price in the third week of August 2015 (€4.23/kg) reveals a 10% decrease (Graph 1).

Italy – Prices in Italy dropped somewhat in recent weeks, coming in at €5.46/kg at the end of July 2017, which is a 54% year-on-year increase. Graph 2 shows the movements in monthly prices for the extra virgin olive oil category in recent crop years.

Greece – The prices in Greece have increased slightly over recent weeks, coming in at 3.78€/kg, which is a 28% increase compared to the same period the previous year.

Tunisia – Prices in Tunisia, following a period of stability since mid-April, decreased slightly in recent weeks coming in at €4.03/kg at the end of July 2017 for a 28% year-on-year increase.