Olive oil: Italy high, Spain low, Greece no commercial interest

Published 2024년 12월 18일

Tridge summary

In November 2024, Italy saw a slight decrease in the average producer price of extra virgin olive oil to 8.04 euros per kilo, a 6% drop from October 2024 but a 2% increase from the previous year. On the other hand, Spain experienced a small increase in production but a drop in price, with producer prices ranging from 3.1 to 3.9 euros per kilo depending on the quality. The Food Information and Control Agency (AICA) reported that Spain's production reached 292,019 tons in November 2024. The article also highlights the challenges Greek producers are facing, such as a lack of workers, and the possibility of compensation for olive producers in Greece due to environmental conditions caused by the climate crisis.

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

Original content

Average producer prices of over 8 euros per kilo for extra virgin olive oil were recorded in Italy in November 2024, according to Commission data. This price is slightly down, by -6%, compared to October 2024 but up, by 2%, compared to the same period last year. In contrast, in Spain we have a small increase in production and a drop in price. According to the latest data from the Poolred system, from December 10 to 15, the producer price of extra virgin olive oil was 4.1 euros/kilo, virgin at 3.9 euros per kilo and lampante at 3.6 euros per kilo. The Food Information and Control Agency (AICA) has published the olive oil market data for the month of November, which report a Spanish production of 292,019 tons. Regarding stocks, out of the 321,147 tons, 227,750 tons are in olive mills, 98,550 tons in packaging plants and 847 tons in community stocks (Olivarero Communal Heritage). In our country, there is currently no commercial interest in buying and selling olive oil. However, in ...

Source: Agrotypos