Mediterrolio Olive Oil Market Report — Week of August 21, 2026

⭐ Gold Member Spotlight · Week 34

Prestige

🇬🇷 Patras, Greece · 3rd-Generation Family Mill · Koroneiki

Prestige traces back to the family business "Mayonos Olive Mill," founded in 1970 by Sotirios Mayonos and passed down first to his daughter Fotini Mayonou and her husband Christodoulos Raptis, and now to their sons Dimitrios and Marios Raptis. In 2021, the brothers founded the Prestige EVOO standardisation company as the third generation of the family mill, investing in equipment and process to set exacting quality and aesthetic standards while carrying forward the trust built by their grandfather's generation. The Koroneiki-based estate has collected an array of quality distinctions, including LIOOC 2025 Gold, Berlin Award Gold for Organic Quality 2025, and Kotinos recognition — a working example of the multi-generation mill-to-brand story that anchors Mediterrolio's Greek network.

View Profile →

The Mediterranean wholesale olive oil market gave back a piece of its late-summer recovery this week, with Spain's national average easing -1.7% to €3.42/kg (W34, Oleista August 19) after three consecutive weekly gains — still the cheapest of the four EU/non-EU bulk-tier origins tracked by the MOPI. Greece carried its €3.73/kg print forward unchanged for a second straight week, still above Tunisia (€3.71/kg, confirmed unchanged for a seventh week) but below Portugal's €3.95/kg ceiling, unchanged for an eighth straight week. Italy carries no new Oleista reading for a tenth consecutive week, holding at €5.77/kg as the summer stand-down runs into its final stretch. On trade policy, the Section 301 forced-labor tariff regime is now a full four weeks fully binding, with Turkish exporters' (EZZİB) public campaign for relief before the October harvest still awaiting any USTR response. On weather, Spain's fire season has entered its most destructive phase yet: the Niebla blaze in Huelva is now confirmed as the largest wildfire in Andalusian history at roughly 45,800 hectares, while the Peñas de Riglos fire in Aragón's Huesca mountains has grown past 18,600 hectares, drawn French reinforcements, and claimed the life of a Spanish soldier. Croatia was struck by tragedy of its own, with a wind-driven wildfire killing one person and injuring dozens in the Dalmatian tourist town of Omiš on August 13–14. Greece's national burned-area total remains comparatively favourable at roughly 30,800 hectares (39% below the 20-year average), though twin fires on Salamis Island killed two people on August 16. The EUR firmed to 1.1593 vs USD (ECB, August 17). Summer thin-trading conditions are beginning to give way to early pre-harvest positioning ahead of the 2026/27 crop.

A structural 60–90 day time-lag separates wholesale corrections from supermarket shelf prices. The data below compares current wholesale "at source" vs. verified retail shelf prices in three key import markets — revealing the margin supermarkets are currently capturing.

All MOPI prices are quoted in EUR. Click a currency to instantly convert all wholesale prices. Rates as of August 17, 2026 (ECB reference).

Current weather conditions across key producing regions and their impact on the 2026/27 crop cycle. Impact is assessed relative to the current phenological stage — the same weather can be beneficial or harmful depending on what stage the olive tree is at.

Compare two origins side-by-side across price, quality, polyphenols, freight and EU market access. Prices updated for Week 34, August 21, 2026.

Greece carries its Oleista W33 reading forward for a second consecutive week with no fresh update, holding at €3.73/kg. The stale print keeps Greece above both Spain (€3.42) and Tunisia (€3.71) but below Portugal's €3.95/kg ceiling, so the relative order of the four bulk-tier EU/non-EU origins remains unchanged. The bigger story in Greece this week is a difficult one: twin wildfires broke out on Salamis Island on August 16, killing two people — a sharp reminder that even a national season running 39% below the 20-year average in burned area can still produce isolated tragedy. Elsewhere, the Halkidiki fire near Siviri that forced a dramatic sea evacuation the week before was fully brought under control by August 14/15, and no other major new incidents have been reported this week.

• Second Straight Stale Week: No fresh Oleista print means buyers are still negotiating against the €3.73/kg reading from August 11, with the next real data point due to confirm whether the softening trend of the prior two weeks continues.
• Salamis Tragedy Cuts Through an Otherwise Calm Season: Two deaths from twin fires on August 16 stand in contrast to the country's still-favourable national burned-area figures, underlining that low aggregate risk does not eliminate acute local danger.
• Greek Gold Spotlight Returns: This week's Gold Member Spotlight, Prestige of Patras, keeps the multi-generation family-mill story front and centre as the network heads toward autumn.

Italy carries no new Oleista reading for a tenth consecutive week, holding at €5.77/kg (W25) — a reference now deep into stale territory as the summer recess runs into its final stretch. With Italian industrial blenders' attention still focused on Greek and Spanish procurement, domestic mill activity remains minimal. The Italy-Greece spread now stands at €2.04/kg, comfortably profitable for blenders once trading resumes. Attention across the Italian trade this week has largely followed the broader Mediterranean fire narrative rather than domestic developments, with Apulia itself continuing under stable, dry conditions.

• Reference Price Now Ten Weeks Stale: With no fresh Oleista reading since W25, €5.77/kg carries meaningfully less signal value heading into autumn. Italian mills are expected to resist further declines through late summer, but the true current level is genuinely uncertain.
• US Tariff Position Unchanged and Settled: Italian EVOO, like all EU origins, remains on the flat 15% US tariff ceiling since July 1 — unaffected by the Section 301 regime, which only governs non-EU origins.
• Attention Shifts to Autumn Prep: With the recess in its final stretch, Italian buyers are increasingly focused on positioning for the October-December harvest window rather than reacting to a stale reference price.

Spain's wholesale market pulled back this week, easing -1.7% to €3.42/kg (W34, Oleista August 19) after three consecutive weeks of gains. Spain remains the cheapest of the four EU/non-EU bulk-tier origins tracked by the MOPI, still comfortably below Tunisia, Greece and Portugal. The pullback arrives as Spain's fire season entered its most destructive phase of the year: the Niebla fire in Huelva is now confirmed as the largest wildfire in Andalusian history at roughly 45,800 hectares (EFFIS), surpassing the 34,000-hectare 2004 Riotinto fire. In Aragón, the Peñas de Riglos fire in the Huesca mountains has grown past 18,600 hectares, forcing further village evacuations, drawing French firefighting reinforcements on August 18, and claiming the life of a Spanish soldier deployed with the UME emergency military unit. MITECO's national tally stood at 226,391 hectares through August 11 — 38.2% above the same date in 2025, from 43 major fires versus 24 a year ago — and has continued climbing through the week.

• Three-Week Rally Breaks: Spain's W34 reading eases -1.7% to €3.42/kg after three straight weekly gains. A single down-week does not overturn the recovery signal, but buyers should watch whether next week's print confirms a reversal or was simple mean-reversion.
• Andalusia's Worst Fire on Record: The Niebla blaze in Huelva has surpassed the 2004 Riotinto fire to become the largest wildfire in the region's history, at an estimated 45,800 hectares.
• Aragón Front Turns Deadly: The Peñas de Riglos fire has grown past 18,600 hectares, drawn French reinforcements, and claimed the life of a Spanish soldier — the most serious human toll of Spain's 2026 fire season to date.
• US Tariff Question Fully Resolved for Spain: Spanish EVOO remains on the EU-US deal's flat 15% ceiling since July 1 — unaffected by the Section 301 regime.

Portugal holds unchanged at €3.95/kg for an eighth straight week (W27, June 29 reading carried forward). With Spain at €3.42/kg, Tunisia at €3.71/kg and Greece's stale print at €3.73/kg, Portugal remains the clear ceiling of the bulk-tier group. Blenders seeking the cheapest EU-origin EVOO this week turn first to Spain, then Tunisia, then Greece, with Portugal remaining the most expensive by a wide and stable margin. Temperatures across Alentejo have continued to ease slightly from recent peaks.

Turkish EVOO holds at €4.39/kg (W13, no update this week). Turkey now trades above every EU origin except Portugal following Spain's decline over recent months. Izmir continues under stable, favourable 2026/27 fruit growth conditions, keeping Memecik and Ayvalık on track for a strong quality outlook. On trade policy, EZZİB's public campaign for a correction to the 12.5% Section 301 duty before the October harvest — first raised last week, citing a 30% year-on-year decline in H1 2026 export volumes — has drawn no confirmed response from Washington this week.

Morocco continues trading at €4.00–€4.30/kg. Dam infrastructure remains near 45% of national capacity. Normal fruit development conditions persist across Fès-Meknès and Marrakech-Safi. With the Section 301 grace period now four weeks closed, Morocco's 12.5% duty alongside Turkey is a settled cost of doing business in the US market rather than a proposal — a permanent consideration for its US landed-cost profile, even as its non-EU, non-quota market positioning continues to attract supply-chain diversification interest elsewhere.

Tunisia's freshest confirmed reading (W31, July 27 update) holds unchanged for a seventh week at €3.71/kg, keeping it the second-cheapest bulk-tier origin behind Spain. Tunisia's absence from the 60-economy forced-labor investigation continues to translate into a settled, materially lower US landed cost relative to its North African and Turkish counterparts — a structural advantage that has now held for four full weeks of enforcement, in contrast to Turkey's public campaign for relief this month.

Croatia operates entirely in its boutique premium tier, detached from bulk price dynamics. Prices hold at €13.50–€16.00/kg in Istria and €10.00–€13.00/kg in Dalmatia, unchanged on the week. But the region's summer season took a tragic turn on August 13-14, when a wind-driven wildfire tore through the Dalmatian tourist town of Omiš, killing one person, injuring 36 (seven critically) and destroying 58 homes, 36 vehicles and 25 boats. Roughly 2,500 people were evacuated, with 286 firefighters, 90 vehicles and four aircraft deployed overnight; the fire was brought under control by August 15. It is the most severe single wildfire event of Croatia's 2026 season, and it struck at the height of the peak tourism window that estate producers rely on for direct-to-visitor sales.

Polyphenols are the key health-active antioxidants in EVOO. EU health claim threshold: 250 mg/kg. QvExtra!'s June 2026 consumer certification keeps polyphenol documentation commercially valuable heading into the new campaign. Click any origin to see full details.

While the Mediterranean basin remains the centre of global olive oil production, Southern Hemisphere and Middle East origins continue to gain market share. The following overview tracks key non-Mediterranean origins monitored by the MOPI for the week of August 21, 2026.

Algeria's projected 2025/26 output of roughly 150,000 tonnes against average domestic consumption of ~81,000 tonnes continues to imply a meaningful exportable surplus, yet actual exports remain a fraction of that potential — only around 1,000-1,200 tonnes shipped in the strongest recent seasons, roughly 1% of production. French imports from Algeria have nonetheless been growing at a 67% annual rate, reaching 735 tonnes in 2024, as organic certification, GlobalGAP and EU phytosanitary documentation gradually fall into place. Algeria remains named among the 60 economies subject to Section 301 forced-labor tariffs, now four weeks into full enforcement — a settled, if still minor, consideration for the small but growing US-bound volume. First larger-scale EU consignments remain expected in H2 2026.

Syria's post-transition recovery in olive oil exports continues, with the country having attended the IOC's Lisbon Council of Members session as an observer. Northwest Syrian EVOO (Idlib/Aleppo) continues trading at approximately $4.80–$5.30/kg. Government free-market reforms are advancing, though logistics and certification infrastructure remain under reconstruction. Enhanced chain-of-custody due diligence remains essential for any commercial engagement.

Argentina's April–June 2026 harvest is fully complete, with the fresh vintage moving into steady distribution as the counter-seasonal window for Northern Hemisphere buyers remains open. Export values remain strong year-on-year, though rising domestic production costs are an emerging watch item for margins heading into the next planting cycle. Mendoza Arauco lots (700+ mg/kg polyphenols) remain the global ultra-premium benchmark at $7.00–$11.00/kg. Argentina remains on the 60-economy Section 301 list, though the country is not a major EVOO exporter to the US relative to its Asian and European buyers.

Australia's March–June 2026 harvest has concluded, with AOA-certified lots from South Australia and Victoria moving through the fresh-oil marketing window. National production is holding near 20,000–21,000 tonnes — the second-highest level since 2021/22 — while exports have climbed to their strongest point in three years as buyers diversify beyond Europe. Primary export focus remains Japan, China and South Korea; the Section 301 list is a minor consideration given the limited scale of Australia's US-bound EVOO trade. Australian producers eyeing the NYIOOC Southern Hemisphere competition now have just under two weeks left to register before the September 1 deadline.

With the EU-US trade deal in place since July 1, EU olive oil pays a flat 15% all-inclusive US tariff, fully insulated from the Section 301 regime. For non-EU competitors, the tariff transition has permanently split the field: Tunisia's absence from the 60-economy list means a materially lower US duty, while Turkey and Morocco face a confirmed, four-weeks-settled 12.5% rate — a split now openly contested by Turkish exporters, who continue lobbying for relief ahead of the October harvest with no response yet from Washington. EUR/USD holding near 1.1593 keeps the effective landed cost for US buyers of EU-origin oil broadly stable week-on-week. California producers have 2025/26 lots on market at $8.00–$15.00/kg COOC-certified.

IOC's first formal 2026/27 production estimates (June 2026 Council meeting), set before this summer's Spanish, Greek and Croatian wildfire damage. Global production 2025/26: ~3.44 million tonnes (IOC estimate).

Southern Hemisphere origins are counter-seasonal to the Mediterranean; their 2026 harvests concluded through Q2 and are now moving through the fresh-vintage marketing window while Mediterranean supply enters its leanest pre-harvest months. IOC 2026/27 estimates were set before this summer's Spanish, Greek and Croatian wildfire damage; the October aforo will show how much of the projected Spanish recovery holds. US tariff figures for EU origins reflect the EU-US trade deal's flat 15% all-inclusive ceiling, unaffected by the Section 301 regime.

Calculate the full landed cost of bulk EVOO from any Mediterranean origin to your destination. Prices updated for Week 34, August 21, 2026. Note: Section 301's in-transit exemption expired July 28 and the tariff split is now four weeks settled — EU-origin oil stays on the EU-US trade deal's flat 15% all-inclusive ceiling (effective since July 1, 2026), while Tunisia settles at a lower MFN-based rate and Turkey/Morocco settle at the confirmed 12.5% Section 301 rate.

Historical Price Context (August 2026 vs. August 2025)

August 2025 figures reflect the last verified same-period readings available; treat as indicative where noted.