Olive oil prices. February 2022 update
60% of the world's olive oil production comes from Italy, Spain and Greece. The prices dictated by these markets affect those of other producing countries, determining several aspects
Bari, Italy, Chania, Greece and Jaén, Spain are the most representative olive oil markets of the European Union.
They cover more than 60% of global olive oil production. Prices in these three countries, particularly in Spain, have an impact on other producing countries, and mainly on the oils they intend to export.
From the 2011/2012 crop year to the 2020/2021 crop year, extra virgin olive oil in Jaén, Spain cost less than €220.6 per 100kg for 25% of the time, and 25% of the time it exceeded €325.2 per 100kg.
The average price in this period was around €277.7 per 100kg. The maximum and minimum prices were €423 and €174.3 per 100kg respectively.
The Ioc’s latest figures put extra virgin olive oil at €333.5 per 100kg (+31.2% compared to the same period previous crop year).
Refined olive oil prices in Jaén, Spain stood at €301 per 100kg (+53.1% compared to the same period previous crop year).
In Bari, Italy, extra virgin olive oil cost less than €321 per 100kg for 25% of the time, and 25% of the time it exceeded €509 per 100kg.
The average price in this period was around €419.5 per 100kg. The maximum and minimum prices were €614 and €221 per 100kg respectively.
The IOC’s latest figures put extra virgin olive oil at €413 per 100kg (-14% compared to the same period previous crop year).
Chania, Greece , saw extra virgin olive oil cost less than €240 per 100kg for 25% of the time, and exceeded €301 per 100kg for 25% of the time.
The average price in this period was around €269.7 per 100kg. The maximum and the minimum prices were €388 and €182 per 100kg respectively.
The Ioc’s latest figures put extra virgin olive oil at €320 per 100kg (+28.8% compared to the same period previous crop year).
The latest figures for the price of extra virgin olive oil in Trás-os-montes-Portugal, Portugal, put it at €320 per 100kg.
Extra virgin olive oil from Tunisia start to fall in the 2019/2020 crop year, coming in at €192 per 100kg in September 2020.
The average crop year was €228.7 per 100kg, this figure for the 2020/2021 crop year was €328.1. The latest figures for the price of extra virgin olive oil put it at €310 per 100kg in September 2021.
The latest figures for extra virgin olive oil in Turkey put it at €264 per 100kg in December 2018.
Photo Olio Officina©
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