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 over the last few weeks continued increasing steadily, coming in at €3.98/kg at the end of May 2017, which was a 36% 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 6% decrease (Graph 1).
Italy – In February 2017 producer prices broke the €6/kg barrier, dropping off somewhat in recent weeks and coming in at €5.91/kg at the end of May, which is a 66% 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 rose until the end of November and, after remaining stable in recent months, rose again slightly as of mid-March, coming in at €3.76/kg at the end of May, which is a 30% increase compared to the same period the previous year.
Tunisia – Prices in Tunisia, following some weeks of relative stability, increased as of the third week of January, breaking the €4 barrier and coming in at €4.25/kg at the end of May 2017 for a 28% year-on-year increase.