Graph 1 tracks the weekly movements of prices paid to producers for extra virgin olive oil in the three main producer countries of the EU and in Tunisia. Graph 3 shows the weekly changes in producer prices for refined olive oil in the three main EU producer countries. Monthly price movements for these categories are given in Graphs 2 and 4.
Extra virgin olive oil: Producer prices in Spain fell slightly in the last few weeks, coming in at €2.62/kgby mid-October 2018, a 30% decrease compared to the same period the previous crop year (Graph 1).
Italy: Production prices have passed the €5 mark at the beginning of September 2018, stabilising in recent weeks and coming in at €5.08/kg by mid-October 2018, a 5% decrease compared to the same period the previous crop year. Graph 2 shows the monthly price movements for extra virgin olive oil over the last two crop years.
Greece: Prices fell slightly in recent weeks, coming in at €2.58/kg by mid-September 2018, a 34% decrease compared to the same period the previous crop year.
Tunisia: Prices remained stable in the last weeks of June 2018, reaching €3.43/kg, an 18% decrease compared to the same period the previous crop year.
Refined olive oil: Producer prices in Spain came in at €2.39/kg by mid-October 2018, a 35%decrease compared to the same period the previous crop year. Data for this category have not been available from Italy since the end of December 2017, when they reached €3.55/kg, a 4%increase compared to the same period the previous crop year. Data for this category in Greeceare not available.
By mid-October 2018, the price difference between refined olive oil (€2.39/kg) and extra virgin olive oil (€2.62/kg) was €0.23/kg in Spain, while it was €0.63/kg in Italy according to data fromDecember 2017 (Graph 3).
Photo by Olio Officina
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