Export market prices for Jamaica olive oil

The prices of olive oil have increased. Before 2019, 1 kg of olive oil was going for US$11.00 in 2017 and US$13.20 in 2018. In 2019 the export price changed to $14.00 per kilo, by 6.061%.

High return markets in 2019 for Jamaica olive oil per kg were fetched from exports to Canada, US, United Kingdom (UK) and Guatemala. The olive oil exports from Jamaica are categorised as:

  • Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
  • Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
  • Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)

Export values for Jamaica olive oil

The total values in export for olive oil in Jamaica were US$ 65, US$ 77, US$ 66 and US$ 68 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.

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The prices of olive oil in Jamaica per tonne for the years 2016, 2017, 2018 and 2019 were US$ 21,666.67, US$ 11,000.00, US$ 13,200.00 and US$ 13,600.00 in that order.

The total values in export for olive oil in Jamaica were US$ 65, US$ 77, US$ 66 and US$ 68 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.

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Jamaica olive oil wholesale price

In 2021, the approximate price range for Jamaica Olive Oil is between US$ 13.6 and US$ 13.2 per kilogram or between US$ 6.17 and US$ 5.99 per pound(lb).

The price in Jamaican Dollar is JMD 2076.34 per kg. The average price for a tonne is US$ 13600 in Montego Bay and Kingston.

Jamaica's import price for olive oil in 2019 was US$3.53 per kilogram.