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 producer countries. Monthly price movements for these categories are given in Graphs 2 and 4.
Extra Virgin Olive Oil – Producer prices in Spain have remained fairly stable, coming in at 2.76€/kg at the end of September 2018, which is a 25% decrease compared to the same period the previous year (Graph 1).
Italy – Prices in Italy have recovered and passed the 5€ mark, coming in at 5.09€/kg at the end of September, which is a 7% decreased compared to the same period the previous year. Graph 2 shows the monthly price movements of the extra virgin olive oil category in recent crop years.
Greece – Prices in Greece fell slightly in recent weeks, coming in at 2.68€/kg at the end of September, a 31% decreased compared to the same period the previous crop year.
Tunisia –Prices in Tunisia remained fairly stable in the last weeks of June 2018 at 3.42€/kg, a decrease of 18% compared to the same period the previous year. Data have not been available since the end of June 2018.
Refined olive oil: Producer prices for refined olive oil in Spain and Italy generally follow the same trend as the prices for extra virgin olive oil. The price in Spain, after falling sharply, recovered in recent weeks with slight oscillations, coming in at 2.43€/kg at the end of September 2018, a 34% decrease compared to the same period the previous crop year. There have been no data available for this category of oil in Italy since December 2017, when it reached 3.55€/kg, a 4% increase compared to the same period the previous crop year. No price data are available for this product category in Greece.
In Spain, there was a difference of 0.33€/kg in the prices of refined olive oil (2.43€/kg) and extra virgin olive oil (2.76€/kg) at the end of September 2018. In Italy, the difference in prices of these twocategories was greater than in Spain according to data from December 2017, at 0.63€/kg (Graph 3).