Mediterrolio Olive Oil Market Report — Week of August 28, 2026

⭐ Gold Member Spotlight · Week 35

justpugliafactory

🇮🇹 Carovigno, Apulia · Est. 2004 · Cellina di Nardò, Leccino, Ogliarola, Coratina

justpugliafactory began in 2004 as a first-sight love affair with Apulia: Simona Romagnoli's parents set out to build an Apulian project rooted in earth, sea and olive trees, drawing their Extra Virgin Olive Oil from the ancient olive groves of Carovigno in Brindisi province. The 100% Italian project pairs the estate's own EVOO with collaborations with local artists and craftsmen, telling authentic stories of Mediterranean culture and tradition alongside the oil itself. The brand has earned a run of international recognitions, including a London Olive Oil Awards Silver for packaging and a Silver Health Claim award — a working example of how Apulia's smaller family producers are pairing quality certification with a distinctive brand story as the network heads toward autumn.

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The Mediterranean wholesale olive oil market found a firmer footing this week, with Spain's national average ticking up +0.6% to €3.44/kg (W35, Oleista August 26) — its first gain in two weeks and still the cheapest of the four EU/non-EU bulk-tier origins tracked by the MOPI. Greece broke its three-week stale streak with a fresh reading, easing modestly to €3.70/kg, still above Tunisia (€3.71/kg, confirmed unchanged for an eighth week) but below Portugal's €3.95/kg ceiling, unchanged for a ninth straight week. Italy carries no new Oleista reading for an eleventh consecutive week, holding at €5.77/kg as the summer stand-down finally nears its close. On trade policy, Turkish exporters' (EZZİB) public campaign for relief from the 12.5% Section 301 duty before the October harvest enters its third week still without any USTR response. On weather, Spain's fire season turned a genuine corner: MITECO confirmed both the Niebla blaze in Huelva and the Peñas de Riglos fire in Aragón are now fully controlled, and the national tally through August 18 (254,730 hectares) ran below the same date in 2025 for the first time all season — a 13.8% year-on-year improvement even as aerial firefighting hours climbed 78%. Croatia's Adriatic coastal highway reopened following last week's Omiš tragedy, and the Dalmatian tourist economy is beginning to stabilise. Greece's national burned-area total remained comparatively favourable at roughly 37% below the 20-year average, with no major new incidents reported this week. The EUR strengthened further to 1.1669 vs USD (ECB, August 26). With Italy's recess in its final days, 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 August 26, 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 35, August 28, 2026.

Greece breaks its three-week stale streak with a fresh Oleista W34 reading (August 25), easing modestly to €3.70/kg from the carried-forward €3.73/kg print. The new reading keeps Greece above both Spain (€3.44) 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 welcome quiet one: after last week's tragic twin fires on Salamis Island, no major new wildfire incidents were reported nationally, with the cumulative 2026 burned area still running roughly 37% below the 20-year average. Buyers can treat this week's Greek print as the most stable data point among the four bulk-tier origins on both price and risk.

• Stale Streak Finally Ends: The fresh W34 print gives buyers a live reference for the first time in three weeks, confirming a modest softening trend rather than the flat carried-forward price of the prior two weeks.
• A Rare Quiet Week: No major new wildfire incidents were reported this week — a welcome change after the Salamis Island tragedy — with national burned area still comfortably below the 20-year average.
• Apulian Gold Spotlight This Week: The Gold Member Spotlight moves to Italy's justpugliafactory (Carovigno), keeping the network's multi-country storytelling focus intact heading into autumn.

Italy carries no new Oleista reading for an eleventh consecutive week, holding at €5.77/kg (W25) — a reference now deep into stale territory as the summer recess finally nears its close. With Italian industrial blenders' attention still focused on Greek and Spanish procurement, domestic mill activity remains minimal. The Italy-Greece spread now stands at €2.07/kg, comfortably profitable for blenders once trading resumes. Attention across the Italian trade this week has increasingly turned to the October-December 2026/27 harvest window as the recess enters its final stretch.

• Reference Price Now Eleven 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 the final days of the recess, 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.
• Gold Spotlight Turns to Apulia: justpugliafactory of Carovigno anchors this week's Gold Member Spotlight, a mission-driven brand pairing EVOO with local artisan storytelling as harvest positioning begins.

Spain's wholesale market firmed this week, ticking up +0.6% to €3.44/kg (W35, Oleista August 26) — its first gain in two weeks. 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 uptick lands the same week Spain's fire season turned a genuine corner: MITECO confirmed the Niebla fire in Huelva (~45,800 hectares, the largest in Andalusian history) and the Peñas de Riglos fire in Aragón (~18,600 hectares, ended after nine days) are both now fully controlled. MITECO's national tally through August 18 stood at 254,730 hectares from 6,685 incidents — 13.8% below the 295,580 hectares recorded by the same date in 2025, the season's first year-on-year improvement, even as aerial firefighting hours climbed 78% above last year.

• First Gain in Two Weeks: Spain's W35 reading ticks up +0.6% to €3.44/kg, confirmed by regional Andalusian readings (Junta de Andalucía €3.45/kg). Buyers should watch whether next week's print extends the recovery.
• Both Major Fires Now Controlled: The Niebla and Peñas de Riglos blazes are both confirmed fully controlled by MITECO, closing out Spain's most difficult stretch of the 2026 fire season.
• National Tally Turns Below 2025's Pace: MITECO's 254,730-hectare tally through August 18 is now running 13.8% below the same date in 2025 — the first year-on-year improvement of the season.
• 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 a ninth straight week (W27, June 29 reading carried forward). With Spain at €3.44/kg, Tunisia at €3.71/kg and Greece's fresh €3.70/kg print, Portugal remains the clear ceiling of the bulk-tier group. Blenders seeking the cheapest EU-origin EVOO this week turn first to Spain, then Greece and Tunisia in close proximity, with Portugal remaining the most expensive by a wide and stable margin. Temperatures across Alentejo have continued to ease further 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 enters its third week — citing a 30% year-on-year decline in H1 2026 export volumes — with still no confirmed response from Washington.

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 five 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 an eighth 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 five 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. The region's recovery from last week's Omiš tragedy is now underway: Croatia's D8 Adriatic Highway — the principal coastal freight and passenger route linking Split, Omiš, Makarska and Dubrovnik — has reopened to traffic, and the Dalmatian tourist economy that estate producers rely on for direct-to-visitor sales is beginning to stabilise. Istria itself remained 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 August 28, 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 five 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. 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 only days left before the September 1 registration 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, five-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 further strengthening to 1.1669 this week modestly raises 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 35, August 28, 2026. Note: Section 301's in-transit exemption expired July 28 and the tariff split is now five 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.