{"id":21939,"date":"2025-02-26T09:48:49","date_gmt":"2025-02-26T09:48:49","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=21939"},"modified":"2025-02-26T09:53:10","modified_gmt":"2025-02-26T09:53:10","slug":"olive-oil-price-falls-in-spain-retail-offers-turn-irresistible","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2025\/02\/26\/olive-oil-price-falls-in-spain-retail-offers-turn-irresistible\/","title":{"rendered":"Olive oil price falls in Spain, retail offers turn irresistible"},"content":{"rendered":"\n

The hitherto premium olive oil price in Spain has lately fallen from the heights of\u00a0$6\u00a0\u20ac(5.72) per liter\u00a0in\u00a0May 2023<\/u><\/a>. This has enabled supermarkets to be generous by offering gross discounts, even for expensive brands.<\/p>\n\n\n\n

A normally premium Coosur-branded bottle of olive oil now costs\u00a0\u20ac5.49 ($5.76) per liter or 38<\/a>% less at Aldi.<\/p>\n\n\n\n

This is quite a bargain because the oil comes from an exotic brand, which processes its products from local Andalusian olives. <\/p>\n\n\n\n

Although it is competition strategy, the discount nevertheless mirrors the retail situation across Spain, where \u201ccheap\u201d is the word in the street. <\/p>\n\n\n\n

Spain\u2019s Production 61% Up <\/strong><\/strong><\/h3>\n\n\n\n

With Spain\u2019s production back in the picture after a spate of back-to-back droughts, longterm price spikes could cool drastically.<\/p>\n\n\n\n

According to a February 2025 Ministry of Agriculture\u2019s statement, Spain will process 1.38 million tonnes<\/u><\/a> of olive oil in the 2024-25 campaign. This will be a yearly appreciation by 61.5% from the 2023-24\u2019s output.<\/p>\n\n\n\n

Annual local consumption of the healthy oil will also increase by 85,000 tonnes to 495,000 tonnes due to affordability and accessibility. <\/p>\n\n\n\n

Improving accessibility of olive oil will also help traders realize some 990,000 tonnes in exports, 33.3% above 2023-24\u2019s. <\/p>\n\n\n\n

World Production Revamps <\/strong><\/strong><\/h3>\n\n\n\n

The growth rate of Spain\u2019s mostly Europe-bound supply equals the world production growth at 32%,<\/u><\/a> per the International Olive Council (IOC)\u2019s data. <\/p>\n\n\n\n

IOC further asserts that the world production forecast of 3.276 million tonnes in the 2024-25 season will ameliorate prices.<\/p>\n\n\n\n

EU\u2019s Wholesale Olive Oil Price<\/strong><\/h3>\n\n\n\n

A major market beneficiary of the affordability is the EU, whose prices mirror those in Spain. Notably, the\u00a0historical price curve<\/u><\/a>\u00a0for member state, Spain, is down through early 2025.\u00a0<\/p>\n\n\n\n

While week 2 of January brought \u20ac<\/u>225.15<\/u><\/a> ($236.45) per 100 kg, the final week of February registered a mere \u20ac141.85 ($148.97).<\/p>\n\n\n\n

This price accessibility at origin country could help meet upshot demand for olive oil due to nutrient-savvy extraction processes. Consumers are increasingly after oils with extraction methods with nutrient maximization such as cold pressing.\u00a0<\/p>\n\n\n\n

Ultimately, customers will no doubt enjoy previously premium offers such as virgin and extra-virgin variations. To learn more, skim the next statistics on a sample price curve of olive oil in Spain since 2022.  <\/p>\n\n\n\n

Spain Olive Oil Price at Origin Statistics <\/strong><\/strong><\/h2>\n\n\n\n

Dry weather took an economical toll on olive harvest in the Iberian Peninsula in recent years, which in turn affected olive oil pricing. Spain\u2019s olive oil prices at origin cut a sharp curve from lows in the 2022-23 season to highs in the 2023-24 season. They began to decline only in the first weeks of 2025, per the\u00a0<\/p>\n\n\n\n

below data from the European Commission<\/u><\/a>:<\/p>\n\n\n\n

2022\/23<\/em>: from a low of \u20ac187.87<\/u><\/a> ($197.30), the price did not go higher than \u20ac211.29 ($221.90) per 100 liters in the 2022-23 season. <\/p>\n\n\n\n

2023\/24<\/em>:  olive oil pricing in Spain hit highs of \u20ac301.69 ($316.83) per 100 liters in week 24 of the 2023-24 year. <\/p>\n\n\n\n

2024\/25<\/em>: for the first time in a long whole, the prices depreciated from \u20ac225.15 ($236.60) per 100 l to \u20ac141.85 ($148.97) in Jan-Feb 2025.<\/p>\n\n\n\n

Here is the above at-origin data compressed into table form:<\/p>\n\n\n\n

Market Year [Spain]<\/strong><\/td>Price [\u20ac\/100 l]-low<\/strong><\/td>Price [\u20ac\/100 l]-High<\/strong><\/td><\/tr>
2022\/23<\/td>187.87<\/td>211.29<\/td><\/tr>
2023\/24<\/td>216.5<\/td>301.69<\/td><\/tr>
2024\/25 [only Jan-Feb]<\/td>141.85<\/td>225.15<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

The hitherto premium olive oil price in Spain has lately fallen from the heights of\u00a0$6\u00a0\u20ac(5.72) per liter\u00a0in\u00a0May 2023. This has enabled supermarkets to be generous by offering gross discounts, even for expensive brands. A normally premium Coosur-branded bottle of olive oil now costs\u00a0\u20ac5.49 ($5.76) per liter or 38% less at Aldi. This is quite a…<\/p>\n","protected":false},"author":3,"featured_media":18178,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nOlive oil price falls in Spain, retail offers turn irresistible - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2025\/02\/26\/olive-oil-price-falls-in-spain-retail-offers-turn-irresistible\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Olive oil price falls in Spain, retail offers turn irresistible - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"The hitherto premium olive oil price in Spain has lately fallen from the heights of\u00a0$6\u00a0\u20ac(5.72) per liter\u00a0in\u00a0May 2023. 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