Producer prices for refined olive oil moved in a similar upward direction in Spain and Italy from June 2014. In Spain they dipped slightly in the last two weeks of September 2014, then rallying to €2.82/kg by the end of January 2015, up by 46 pc on the same period of the preceding crop year.
While prices in Italy generally moved in parallel with those in Spain, they did record a peak in the third week of January 2014 (€2.83/kg). A year later, they were standing at €2.84/kg at the end of January 2015, translating into a period-on-period increase of 36 pc which restores Italian prices to their usual position above Spanish prices.
No price data are available for this product category in Greece. At the end of January 2015, the price of refined olive oil and extra virgin olive oil in Spain differed by €0.46/kg, with €2.82/kg being paid for the first category and €3.28/kg for the second. In Italy, the difference in price between the two categories is considerably wider than in Spain (€3.19/kg – Graph 3).
Source: International Olive Council