Global olive oil production recovers to almost 3.4 Mt in 2024/25

Published Dec 17, 2024

Tridge summary

The article highlights a significant decrease in the average prices of extra virgin, virgin, and lampante olive oils in Spain, Greece, and Italy in November, as reported by the European Commission. Extra virgin olive oil (EVOO) prices fell by 16% in Spain, 6% in Italy, and 21% in Greece compared to October, and by 22%, 2%, and 27% respectively, compared to November 2023. Similarly, virgin olive oil (VOO) and lampante olive oil for industrial refining also experienced price drops. These falls are even more pronounced in early December, according to the Ministry of Agriculture's statistics.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Evolution of average prices According to the latest statistics (“dashboard”) from the EC for last November, the average prices of the three main categories have clearly been oriented downwards in the markets of Spain, Greece and Italy. For extra virgin olive oil (EVOO), the average price in Spain was €615.1/100 kg, 16% less than in October and 22% below the average for November 2023. In Italy, EVOO had an average of €861/100 kg, down 6% compared to a month earlier, but holding up 2% above the same date last year, while in Greece, the average was €533.6/100 kg, 21% less and 27% lower, respectively. For virgin olive oil (VOO), the November average in Spain was €562.4/100 kg, 17% less than in October and 18% below the November 2023 average, while Italy was at €605/100 kg (-16% and -13%, respectively) and Greece fell to €460/100 kg (-24% and -25%, respectively). Finally, for lampante olive oil for industrial refining, the November average in Spain was €521.6/100 kg (-19% over October ...

Source: Qcom.es