Mediterrolio Olive Oil Market Report — Week of September 18, 2026

⭐ Gold Member Spotlight · Week 38

Degleri

🇬🇷 Kamena Vourla, Fthiotida, Greece · Family Estate Since 1843 · ISO 22000 & ISO 9001 Certified

For generations, the Degleri family has produced extra virgin olive oil exclusively from its own groves in Fthiotida, pressing the Kalamon and Kalamata and Amfissis varieties the same day they are picked. Selling only the current year's harvest, Degleri keeps acidity as low as 0.24% and leans on its own-grove traceability as pre-harvest positioning across Greece begins ahead of October.

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The Mediterranean wholesale olive oil market rotated again this week, with Portugal overtaking Spain and Greece as the origin posting the biggest move. Portugal's first fresh reading in three weeks jumps to €3.63/kg (Oleista, W36, August 31), a +5.2% correction that reverses both of the prior two weeks' declines and brings Portugal back up to parity with Tunisia rather than with Spain. Spain's national average eases -1.2% to €3.41/kg (W38, September 17) after two consecutive weekly gains — still the cheapest of the four EU/non-EU bulk-tier origins the MOPI tracks. Greece continues its steadier climb, ticking up +0.8% to €3.75/kg for a third straight weekly gain, while Tunisia's reading holds unchanged at €3.63/kg (still W37, no new print) and Italy carries its €4.85/kg level into a third consecutive reading, now recorded as W36. On weather, Spain's fire season has cooled sharply after the flare-up reported last week: Copernicus/EFFIS's national tally rose by just 973 hectares between September 2 and September 16 — with only 313 of those since September 9 — almost entirely tied to a now largely stabilised fire near Quiroga (Lugo, roughly 360 ha). The cumulative 2026 season total (296,815 ha) remains 22.6% below the 383,722 hectares burned by the same date in 2025. Croatia's recovery from the Omiš tragedy continues, now five weeks on, with boutique pricing unaffected. On trade policy, Turkish exporters' (EZZİB) campaign for Section 301 relief before the October harvest enters its sixth week still without any USTR response. In competitions, the NYIOOC's Southern Hemisphere entry window closed September 15, with live results continuing to roll in 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 further to 1.1550 vs USD (ECB, September 14) as dollar strength persisted amid continued Middle East tensions. With Portugal rebounding sharply and Spain and Greece moving in opposite directions, 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 14, 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 38, September 18, 2026.

Portugal delivers this week's headline move: Oleista's first fresh Portuguese reading in three weeks jumps +5.2% to €3.63/kg, reversing both the initial -8.9% break from its long-held reference and last week's further -4.2% correction. The rebound brings Portugal back up to parity with Tunisia rather than with Spain, undoing roughly two-thirds of its combined slide over the past three prints. Temperatures across Alentejo remain in seasonal decline, with pit-hardening well advanced ahead of the harvest.

• Sharp Rebound Ends the Correction: Portugal's first live print in three weeks undoes the bulk of its recent slide, repositioning it alongside Tunisia rather than at the bottom of the group with Spain.
• Turkey Remains the Effective Ceiling: Even after the rebound, Turkey (€4.39/kg, stale) stays the highest reading among origins the MOPI tracks weekly.

Spain's wholesale market gives back part of its recent rise, easing -1.2% to €3.41/kg (W38, Oleista September 17) after two consecutive weekly gains. Spain remains the cheapest of the four EU/non-EU bulk-tier origins tracked by the MOPI. The pullback lands against a markedly calmer weather backdrop: only 973 hectares have burned nationally since September 2, with just 313 of those since September 9 — mostly tied to a now largely stabilised fire near Quiroga (Lugo, ~360 ha) — a sharp cooling from the flare-up reported across six northern provinces the previous week.

• Pullback After Two Straight Gains: Spain's W38 reading eases -1.2% to €3.41/kg, following two consecutive weekly increases. The move looks like normal pre-harvest positioning rather than a supply signal.
• Fire Season Cools Sharply: Just 973 ha have burned nationally since September 2 — a marked slowdown from the new fronts reported the previous week — even as the Copernicus/EFFIS national tally (296,815 ha through September 16) stays 22.6% 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.

Italy's latest reading holds unchanged at €4.85/kg for a third consecutive print, now carried into W36, reinforcing that the post-recess repricing has settled into its new range rather than continuing to move. Apulia's pit-hardening continues advancing toward early ripening under stable, dry conditions ahead of the October-December harvest. The Italy-Greece spread has narrowed slightly to roughly €1.10/kg as Greece continues its steadier climb.

• The New Range Continues to Hold: A third straight print at €4.85/kg confirms the repricing has largely run its course for now, giving buyers a stable reference into the harvest window.
• 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 again to €3.75/kg (Oleista W38, September), its third straight weekly gain and the steadiest run among the four bulk-tier origins the MOPI tracks. The country continues to trade above Spain and now above Portugal too, holding a comfortable middle position as Tunisia and Portugal deliver the week's sharper moves. On weather, no major new fire incidents were reported nationally this week, with fruit development continuing on track toward the October-December harvest.

• Third Straight Gain, Steadiest of the Group: Greece continues to post modest, consistent increases even as Tunisia held flat and Portugal and Spain moved sharply in opposite directions.
• Gold Spotlight Turns to Fthiotida: This week's Gold Member feature, Degleri, anchors Greece's single-estate, family-heritage storytelling as harvest positioning approaches.

Tunisia's reading holds unchanged at €3.63/kg this week — still the September 7 print, with no new Oleista quotation logged since — keeping Tunisia level with Portugal after the latter's sharp rebound. 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 eight full weeks into enforcement.

• Second Straight Week Unchanged: With no new Oleista quotation this week, Tunisia's September 7 print carries forward, still the second-cheapest bulk-tier origin alongside Portugal.
• US Tariff Advantage Holds Firm: Eight weeks into Section 301 enforcement, Tunisia's exemption from the 60-economy list remains the clearest structural cost advantage among North African/Turkish origins.

Turkish EVOO holds at €4.39/kg (W13, no update this week) and remains the effective ceiling among the origins the MOPI tracks weekly, even after Portugal's sharp rebound. 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 sixth 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 eight 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. Five 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 18, 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 eight 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 continue awaiting further NYIOOC Southern Hemisphere results following the September 15 close of entries, 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 continue awaiting further live results, with a 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, eight-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 further move to 1.1550 this week modestly raises the effective landed cost for US buyers of EU-origin oil as the euro extends its slide. 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 that the fire season has cooled from the flare-up reported the previous 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 38, September 18, 2026. Note: Section 301's in-transit exemption expired July 28 and the tariff split is now eight 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.