Sunflower oil has overtaken olive oil in the Spanish market

Published Aug 25, 2024

Tridge summary

Spain's largest olive oil bottling association, Anierac, has reported a significant shift in cooking oil preferences among Spanish households in the first half of 2024. Olive oil sales have seen an 18% decrease, reaching 107 million liters, while sunflower oil sales have surged by 25%, totaling 179 million liters. This shift is attributed to the rising costs of olive oil, which has become more expensive due to increased labor costs and adverse weather conditions affecting olive harvests in Spain, the world's largest supplier of olive oil. As a result, sunflower oil, which is more affordable, has become the preferred cooking oil.

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

Original content

The Independent writes about it. According to Anierac, Spain's largest olive oil bottling association, in the first half of 2024, Spaniards bought 107 million liters of olive oil against 179 million liters of sunflower oil. Until this year, olive was the most popular cooking oil in Spanish households, accounting for 62% of sales by volume last year, while sunflower oil accounted for almost 34%, according to Agriculture Ministry data. Spanish olive oil sales fell 18% in the first half of 2024 compared to the first half of 2023, Anierac estimates, while sunflower oil sales rose 25% last year. According to official data, a bottle of sunflower oil cost an average of 1.86 euros ($2.07) per liter last year, while more expensive types of olive oil cost more than 6 euros per liter (up 50% ...

Source: AgroPortal.ua