Mediterrolio Olive Oil Market Report — Week of September 11, 2026

⭐ Gold Member Spotlight · Week 37

Oilove

🇬🇷 Arcadia & Fokida, Greece · Organic Family Estate · EU-Certified Organic Farming

Oilove® is a family-owned business founded by professionals whose passion for high-quality nutrition and roots in Greek agriculture led them to produce, package and distribute premium extra virgin olive oil internationally. Farming two distinct Greek regions — Arcadia and Fokida — under strict EU-certified organic methods, Oilove brings together a range of local varietal EVOOs and is fully certified across production and distribution of organic products, a fitting spotlight as Greece's harvest positioning begins ahead of October.

View Profile →

The Mediterranean wholesale olive oil market shifted its center of gravity this week, as Tunisia and Portugal took over from Italy as the origins with the biggest moves. Tunisia's national average corrects to €3.63/kg (Oleista, first fresh reading since late July) from the €3.71/kg reference carried forward since W31 — a -2.2% move that ends its own stale streak. Portugal corrects a second consecutive time, easing to €3.45/kg (-4.2% on the week, -12.7% over the past two readings combined) as its post-recess repricing continues. Spain rose +0.9% to €3.45/kg (W37, September 10), its second straight weekly gain, putting it level with Portugal for the first time this cycle. Greece ticked up modestly to €3.72/kg, while Italy held close to last week's sharp correction at €4.85/kg, suggesting the post-recess repricing may be stabilising into a new range. On weather, new fire activity returned to northern Spain: MITECO deployed five aerial units and four BRIF brigades on September 6-7 against active fronts in Asturias, Soria, Guadalajara, León, Ourense and Zamora. Copernicus/EFFIS's national tally reached 295,720 hectares through September 2 — still 22.4% below the 380,877 hectares burned by the same date in 2025, though the margin has narrowed as new outbreaks took hold. Croatia's recovery from the Omiš tragedy continues, nearly four weeks on, with boutique pricing unaffected. On trade policy, Turkish exporters' (EZZİB) campaign for Section 301 relief before the October harvest enters its fifth week still without any USTR response. In competitions, the NYIOOC's Southern Hemisphere division moves toward its second results tranche following the September 4 opening batch, while the concluded Northern Hemisphere edition awarded 464 Gold and 234 Silver medals, led by Italy (166 awards) ahead of Croatia, Greece, the US and Spain. The EUR eased to 1.1622 vs USD (ECB, September 7) as the dollar firmed on higher oil prices amid Middle East tensions. With Tunisia and Portugal both repricing and Spain extending its gain, pre-harvest positioning ahead of the 2026/27 crop continues to intensify 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 7, 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 37, September 11, 2026.

Tunisia delivers this week's headline move: Oleista's feed shows a fresh reading for the first time since late July, correcting to €3.63/kg — a -2.2% move off the €3.71/kg reference that had been carried forward for weeks. The correction keeps Tunisia the second-cheapest bulk-tier origin behind Spain, and comes as Sfax and Sahel fruit development continues normally under typical late-summer heat. Tunisia's settled absence from the 60-economy Section 301 list remains a structural US landed-cost advantage over Turkey and Morocco, now seven full weeks into enforcement.

• Multi-Week Stale Streak Finally Ends: The first live print since late July repositions Tunisia below its long-held €3.71/kg reference — buyers quoting off the old figure should re-check blending and landed-cost math.
• US Tariff Advantage Holds Firm: Seven weeks into Section 301 enforcement, Tunisia's exemption from the 60-economy list remains the clearest structural cost advantage among North African/Turkish origins.

Portugal posts its own headline correction for a second straight week: Oleista's latest reading shows a further drop to €3.45/kg, an -4.2% move that brings Portugal down to parity with Spain. Combined with last week's initial -8.9% break from its nine-week stale reference, Portugal has now corrected by roughly -12.7% over its past two readings. Temperatures across Alentejo have continued to ease from summer peaks, with pit-hardening well underway.

• Second Consecutive Correction: Portugal's repricing continues, now landing level with Spain rather than sitting above the group as a ceiling.
• Turkey Remains the Effective Ceiling: With Portugal correcting further, Turkey (€4.39/kg, stale) stays the highest reading among origins the MOPI tracks weekly.

Italy's latest reading (€4.85/kg) holds essentially flat on last week's sharp -15.4% correction, a signal that the post-recess repricing may be stabilising into a new range rather than continuing to slide. Apulia's pit-hardening is advancing toward early ripening under stable, dry conditions ahead of the October-December harvest. The Italy-Greece spread now sits at roughly €1.13/kg, little changed from last week, giving buyers a second data point to confirm blending economics against.

• The New Range Appears to Be Holding: After eleven stale weeks and then a sharp correction, Italy's second reading in a row near €4.85/kg suggests the repricing has largely run its course for now.
• Croatia Outperforms at NYIOOC: Italy still leads the concluded Northern Hemisphere NYIOOC with 166 awards, but Croatia placed second overall, ahead of Greece, the US and Spain.

Greece ticks up modestly to €3.72/kg (Oleista W37, September), a small gain that keeps the relative order of the bulk-tier group broadly stable even as Tunisia and Portugal delivered sharper moves elsewhere. The country remains above Spain and Portugal (both €3.45) while comfortably positioned relative to the group. On weather, no major new fire incidents were reported nationally this week, with fruit development continuing on track toward the October-December harvest.

• Steady Gains Rather Than Volatility: Greece continues to post the smallest moves of the four bulk-tier origins, even as Tunisia and Portugal deliver the week's biggest corrections.
• Gold Spotlight Turns to Arcadia & Fokida: This week's Gold Member feature, Oilove, anchors Greece's organic single-estate storytelling as harvest positioning approaches.

Spain's wholesale market rose for a second straight week, up +0.9% to €3.45/kg (W37, Oleista September 10). Spain remains the cheapest of the four EU/non-EU bulk-tier origins tracked by the MOPI, now level with Portugal. The gain lands against a backdrop of renewed fire activity: MITECO deployed five aerial units and four BRIF brigades on September 6-7 against active fronts in Asturias, Soria, Guadalajara, León, Ourense and Zamora — a reminder that, despite the season's improving year-on-year trend, new outbreaks remain possible into mid-September.

• Second Straight Weekly Gain: Spain's W37 reading rises +0.9% to €3.45/kg, following last week's -0.6% pullback. The move looks like normal pre-harvest positioning rather than a supply signal.
• Fire Season Resurfaces in the North: New fronts opened September 6-7 across six provinces, even as the Copernicus/EFFIS national tally (295,720 ha through September 2) stays 22.4% below 2025's pace.
• 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 remains the effective ceiling among the origins the MOPI tracks weekly, now that Portugal has corrected down to parity with Spain. 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 fifth week — still citing a 30% year-on-year decline in H1 2026 export volumes — with 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 seven 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.

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. Nearly four 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. Croatian producers also placed second by award count in this year's concluded NYIOOC Northern Hemisphere edition, behind only Italy and ahead of Greece, the US and Spain — a strong quality signal heading into autumn marketing.

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 11, 2026.

Algeria's exportable surplus remains largely untapped this week, with shipped volumes still a small fraction of the projected 2025/26 output. French imports keep climbing on the back of gradually improving organic and phytosanitary certification, though large-scale EU consignments remain expected only in H2 2026. Algeria stays named among the 60 economies subject to Section 301 forced-labor tariffs, now seven weeks into full enforcement — a minor but persistent consideration for the small US-bound volume.

Syria's post-transition recovery in olive oil exports continues at a measured pace. 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 remains fully complete, with the fresh vintage continuing to move into steady distribution as the counter-seasonal window for Northern Hemisphere buyers stays open. Mendoza Arauco lots (700+ mg/kg polyphenols) remain the global ultra-premium benchmark at $7.00–$11.00/kg. Argentine producers await NYIOOC's second Southern Hemisphere results tranche, expected mid-September, alongside Australian, Chilean, New Zealand and South African peers.

Australia's March–June 2026 harvest remains concluded, with AOA-certified lots from South Australia and Victoria continuing to move through the fresh-oil marketing window. Exports remain at their strongest point in three years as buyers diversify beyond Europe, with primary export focus on Japan, China and South Korea. Australian producers who entered the NYIOOC's Southern Hemisphere division await the second results tranche, expected mid-September, with the final tranche due in 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 remains permanently split: Tunisia's absence from the 60-economy list means a materially lower US duty, while Turkey and Morocco face a confirmed, seven-weeks-settled 12.5% rate — a split still openly contested by Turkish exporters, who continue lobbying for relief ahead of the October harvest with no response yet from Washington. EUR/USD's move to 1.1622 this week modestly raises the effective landed cost for US buyers of EU-origin oil as the euro firmed against rising oil prices. 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 new fire activity reported in the north this week. 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 37, September 11, 2026. Note: Section 301's in-transit exemption expired July 28 and the tariff split is now seven 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.