Olive oil: No clear trend in prices at source in Spain

This week there has been no clear trend in the prices of olive oil at source. On the one hand, sources from Oleoestepa point to slight increases in extra virgin and lampante because "the market has hit bottom" and now there is more calm and also less supply. According to these same sources, last week operations were closed in extra virgin from 4,200 euros per ton (compared to 4,000 euros the previous week); in virgin the prices remained around 3,700 euros/ton; and in lampante the prices rose to 3,400 (compared to 3,300 the previous week). The Extremadura Market also recorded increases - of 100 euros/ton - in extra virgin, placing it between 3,900-4,300 euros/ton. However, it reflected cuts of 100 and 200 euros/tonne for virgin and lampante oil, respectively. The latest data obtained from the POOLred System of the Olivar Foundation - as of December 20 -, on the other hand, reflected new generalised falls in the prices at source for oil, although these were more moderate than in ...