Mediterrolio Olive Oil Market Report — Week of September 4, 2026

⭐ Gold Member Spotlight · Week 36

Mitera

🇮🇹 Umbria, Italy · Monovarietal Single-Estate · Crognalegno, Ascolano, Nostrale di Rigali, Intosso, Gentile di Chieti & Raio

MITERA — Greek for "Mother" — is one of the few brands in the world producing premium extra virgin olive oil from a single variety of olive trees, some planted more than 2,000 years ago in the same Umbrian groves where they still grow today. Founder Antonella Meyer-Masciulli and her team pair centuries-old terroir and genotype preservation with modern agronomic management and precision harvesting and milling technology, aiming for the highest organoleptic and sensorial parameters attainable from these ancient monovarietal trees. MITERA is VEGAN-certified, with a portfolio of international competition recognitions — a fitting example of the deep-heritage, small-production storytelling that continues to distinguish Italy's Gold Member roster heading into the 2026/27 harvest.

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The Mediterranean wholesale olive oil market saw its most consequential week in months, as two of the four bulk-tier origins finally broke long stale streaks. Italy's national average corrects sharply to €4.88/kg (Oleista, first fresh reading in eleven weeks) from the €5.77/kg reference carried since W25 — a -15.4% move that confirms the summer recess is genuinely closing out. Portugal follows suit, correcting to €3.60/kg after nine straight weeks unchanged at €3.95/kg, ending its run as the group's clear ceiling. Spain eased -0.6% to €3.42/kg (W36, September 2), its second straight pullback but still the cheapest of the four EU/non-EU bulk-tier origins tracked by the MOPI. Greece held steady at €3.70/kg for a second consecutive week, and Tunisia remained confirmed unchanged at €3.71/kg for a ninth week. On weather, Spain's improving fire trajectory widened further: MITECO's national tally through August 31 (264,656 hectares) now runs 30.9% below the 346,443 hectares burned by the same date in 2025 — up from a 13.8% improvement the week before. Greece stayed largely calm, with only a small new fire near Siviri, Halkidiki, and its national burned area still 37% below the 20-year average. The EU's Copernicus/JRC forecast flags extreme fire-danger conditions across Iberia, Greece, Turkey and the western Balkans for September 3-9, a caution flag even as the season's overall trend improves. Croatia's recovery from the Omiš tragedy continues, with boutique pricing unaffected. On trade policy, Turkish exporters' (EZZİB) campaign for relief from the 12.5% Section 301 duty before the October harvest enters its fourth week still without any USTR response. In competitions, the NYIOOC unveils its first Southern Hemisphere award winners today. The EUR eased to 1.1578 vs USD (ECB, September 2). With Italy's and Portugal's readings both confirming the recess is over, pre-harvest positioning ahead of the 2026/27 crop is now the dominant theme across the basin.

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 September 2, 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 36, September 4, 2026.

Italy delivers this week's headline move: Oleista's feed shows a fresh reading for the first time in eleven weeks, correcting sharply to €4.88/kg from the €5.77/kg reference carried since W25 — a -15.4% move. Coming as the summer recess formally nears its end, the correction confirms Italian mills are finally beginning to reprice ahead of the October-December harvest. The Italy-Greece spread has compressed dramatically, from over €2.00/kg down to roughly €1.18/kg, materially changing blending economics for any buyer who had been quoting off the old stale reference. This week's Gold Member Spotlight moves to Umbria's Mitera, whose monovarietal groves — some trees more than 2,000 years old — anchor Italy's premium single-estate storytelling as autumn positioning begins in earnest.

• The Longest Stale Streak of the Summer Finally Ends: Eleven weeks carrying €5.77/kg gives way to a live €4.88/kg print — buyers should re-run any blending or PDO allocation math built on the old reference immediately.
• Italy-Greece Spread Compresses Sharply: From over €2.00/kg down to roughly €1.18/kg, narrowing the arbitrage that has favoured Greek-origin blending all summer.
• Gold Spotlight Turns to Umbria: Mitera's ancient monovarietal trees (some 2,000+ years old) headline this week's feature, a mission-driven single-estate story as harvest positioning begins.

Portugal posts its own headline correction: Oleista's first fresh reading since June shows a drop to €3.60/kg, ending nine straight weeks unchanged at €3.95/kg — an -8.9% move. With Spain at €3.42/kg, Greece at €3.70/kg and Tunisia at €3.71/kg, Portugal no longer sits above the group as the clear ceiling; it now trades inside the main bulk-tier cluster, just below Greece and Tunisia. Blenders seeking the cheapest EU-origin EVOO this week still turn first to Spain, but Portugal's repricing removes a long-standing outlier from the comparison set. Temperatures across Alentejo have continued to ease from summer peaks.

• Nine-Week Stale Streak Ends: The first live print since June repositions Portugal well below its long-held €3.95/kg reference, closing the gap to the rest of the bulk-tier group.
• Ceiling of the Group Changes Hands: With Portugal correcting down, Turkey (€4.39/kg, stale) is now the effective ceiling among the origins the MOPI tracks weekly.

Greece holds at €3.70/kg for a second straight week (Oleista W36, September), keeping the relative order of the bulk-tier group broadly stable even as Italy and Portugal repriced sharply elsewhere. The country remains above Spain (€3.42) and comfortably positioned relative to Tunisia (€3.71), while the Italy-Greece spread has narrowed dramatically now that Italy has posted a live reading. On weather, a small new fire near Siviri, Halkidiki was the only notable incident this week; the national burned-area total remains roughly 37% below the 20-year average, though Copernicus flags a return to elevated fire danger across Greece for the coming days.

• Second Straight Week of Stability: Greece is now the steadiest of the four bulk-tier origins on price, even as Italy and Portugal deliver the week's biggest moves.
• Fire Risk Stays Comparatively Favourable: A single small incident near Siviri aside, Greece continues to run well below its 20-year burned-area average.

Spain's wholesale market eased for a second straight week, slipping -0.6% to €3.42/kg (W36, Oleista September 2). Spain remains the cheapest of the four EU/non-EU bulk-tier origins tracked by the MOPI, comfortably below Greece, Tunisia and now-repriced Portugal. The pullback lands against a backdrop of continued fire-season improvement: MITECO's national tally through August 31 reached 264,656 hectares from 44 major fires — 30.9% below the 346,443 hectares burned by the same date in 2025, a wider year-on-year improvement than last week's 13.8% gap. No major new fires broke out over the past week, though the EU's Copernicus/JRC forecast flags a return to extreme fire-danger conditions across Iberia for September 3-9.

• Second Straight Pullback: Spain's W36 reading eases -0.6% to €3.42/kg, following last week's brief uptick. The move looks like normal pre-harvest drift rather than fresh supply stress.
• Fire Trend Improvement Widens: MITECO's 264,656-hectare tally through August 31 is now running 30.9% below the same date in 2025, up from 13.8% a week earlier.
• Fire-Danger Forecast Flags Caution: Copernicus/JRC's September 3-9 outlook warns of extreme and very extreme fire-danger conditions returning across Iberia, a reminder the season isn't fully closed out.
• 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.

Turkish EVOO holds at €4.39/kg (W13, no update this week) and is now, with Portugal's correction, the effective ceiling among the origins the MOPI tracks weekly. 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 enters its fourth week — still citing a 30% year-on-year decline in H1 2026 export volumes — with no confirmed response from Washington. Copernicus also flags elevated fire-danger conditions for Turkey this coming 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 six 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 ninth 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 six full weeks of enforcement, in contrast to Turkey's ongoing public campaign for relief.

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. Two-and-a-half weeks on from the fatal Omiš wildfire, the Dalmatian tourist economy that estate producers rely on for direct-to-visitor sales continues to stabilise, and freight routing along the D8 Adriatic Highway remains normal. Istria itself was unaffected by the fire throughout.

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 September 4, 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 six 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 continuing to move 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. Argentine producers await the NYIOOC's first Southern Hemisphere award announcements today, September 4, alongside Australian, Chilean, New Zealand and South African peers.

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. Australian producers who entered the NYIOOC's Southern Hemisphere division will see their first results today, with further tranches following in mid-September and early October.

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, six-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's slight softening to 1.1578 this week modestly lowers the effective landed cost for US buyers of EU-origin oil even as the euro price itself held nearly flat. 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, now with the season's fire risk trending in a more favourable direction. 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 36, September 4, 2026. Note: Section 301's in-transit exemption expired July 28 and the tariff split is now six 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 (September 2026 vs. September 2025)

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