Producer prices for refined olive oil moved up 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 picking up again only to fall slightly to €2.66/kg by the end of December 2014. Despite this dip, this price level is 41 pc higher than in the same period of 2012/13. In Italy, while prices have been moving in parallel with those in Spain, they did peak in the third week of January 2014 (€2.83/kg). At the end of December, prices were hovering around €2.75/kg, translating into a period-on-period increase of 27 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 December 2014, the price of refined olive oil and extra virgin olive oil in Spain differed by €0.46/kg, with €2.66/kg being paid for the first category and €3.12/kg for the second. In Italy, the difference in price between the two categories is quite a lot wider than in Spain (€2.80/kg).
Source: International Olive Council