25% US Tariff Lifted Improved Spanish Olive Oil Prices

The wholesale price of virgin olive oil in Spain rose by +11.34% YoY to USD 3.85 per kg in W3 February 2022, which was USD 3.46 per kg in the previous year. The US lifted the 25% tariff of Spanish virgin olive oil import impacted the positive growth of virgin olive oil in Spain. For that reason affected the price increase of Spanish virgin olive oil in February 2022.