Mediterrolio Olive Oil Market Report — Week of June 19, 2026

⭐ Gold Member Spotlight · Week 26

Scovaventi

🇮🇹 Maremma, Italy · Organic · Artisan · Premium EVOO & Gourmet Products

At the Scovaventi farm in Maremma, the sea wind pollinates ancient olive trees and carries with it aromas that make their products unique. A certified organic, artisan producer whose philosophy centres on peace, sustainability and respect for land and people — values expressed through premium EVOO, honeys, preserves, and gourmet Tuscan specialties. Their oils are characterised by a persistent fruitiness with hints of almond and fresh green leaf. Each product is a faithful expression of Maremma's terroir and natural rhythms.

View Profile →

The Mediterranean wholesale olive oil market enters Week 26 of 2026 in a consolidation phase following the dramatic bifurcation of W24. Spain's EVOO holds at €3.85/kg (W25) — the end-of-season flush has decelerated to −3.66% in 10 days, with the season floor now clearly established. Greece has corrected −26.96% in 10 days, retracing last week's Italian-driven surge and returning to €4.06/kg as blenders pause for price discovery. The Spain–Greece gap has reopened to €0.21/kg. Italy continues its measured softening to €6.04/kg (−0.72%), with the buyer stand-off intact and Puglia's Xylella recovery story providing the medium-term quality narrative. Portugal softens to €3.95/kg, now trading below Greece for the first time since April. Tunisia holds at €3.93/kg. The EU Commission's €540m fertiliser crisis package (June 12) provides a structural tailwind for producer margins ahead of 2026/27. The EUR has firmed to 1.1461 vs USD — a headwind for non-EU buyers. Summer thin-trading conditions begin this week.

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 June 18, 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.

Greece's wholesale olive oil market undergoes a sharp retracement this week after the extraordinary W24 surge. The Oleista W24 reading of €4.06/kg now shows a −26.96% change in 10 days — meaning the Italian-driven buying surge has paused or reversed as blenders reassess at the new price level. This is a healthy correction rather than a structural reversal: Greek Koroneiki remains fundamentally undervalued relative to Italy (spread: €1.98/kg) and is the highest-polyphenol bulk origin available at its price tier. Greek producers are delaying additional sales, waiting for the next Italian procurement cycle.

• Italian Buying Pause: The −26.96% 10-day reading signals Italian industrial blenders have stepped back from last week's aggressive Koroneiki accumulation. With Italy at €6.04/kg and Greece at €4.06/kg, the spread (€1.98/kg) remains highly profitable — expect renewed buying next week at price support levels.
• Producer Delay Strategy: Greek olive oil producers are delaying sales after last week's price whipsaw, opting to hold back inventory pending the next Italian procurement cycle. This strategy typically creates a price floor at current levels.
• Re-Entry Opportunity: For buyers who missed W24's flush, the current €4.06/kg level with negative short-term momentum offers a re-entry window before the next Italian demand wave. High-polyphenol Messenia lots for Q4 2026 delivery remain available.

Italian wholesale prices ease further to €6.04/kg (W24, −0.72% / 10 days) as the buyer stand-off enters its seventh consecutive week. The fundamental Italian market tension — premium price supported by NYIOOC quality leadership and PDO equity, held back by buyers unwilling to pay above €6.20/kg — persists. Puglia's Xylella recovery initiatives gaining international recognition provide a medium-term quality and supply narrative. Meanwhile, the ICQRF fraud enforcement record from this season continues to reinforce the value of chain-of-custody documentation.

• Buyer Stand-Off Deepens: Industrial bottlers in northern Italy continue to resist above €6.20/kg. Mills hold firm. Hand-to-mouth trading persists. No resolution expected until September.
• Puglia Recovery: The Xylella regeneration project gaining international recognition (Olive Oil Times, June 16) is both a quality signal and a supply chain narrative for Italian EVOO's long-term recovery.
• Greek Arbitrage Pause: As Greece corrects −26.96% this week, Italian merchants who accumulated Koroneiki in W24 at €4.06/kg are sitting on profitable positions. Next procurement window will re-open at Greek price support levels (~€3.90–€4.00/kg).

Spain's wholesale market stabilises at €3.85/kg (W25, −3.66% / 10 days) as the acute end-of-season flush of W24 (−20.97%) gives way to a consolidation phase. Co-operative inventory clearance is nearing completion — the dramatic weekly price drops are over, replaced by a steady floor as remaining season-end stocks are absorbed. The 2026/27 supply picture is crystallising: AEMO's first fruitlet retention data confirms 3–7% loss from the June 8–10 heat event in Andalusia, while preliminary flowering fertility data continues to show structural contraction.

• Consolidation Phase: The −3.66% 10-day change vs last week's −20.97% confirms the end-of-season flush is over. Current prices represent the 2025/26 season floor. Forward supply for 2026/27 remains the primary commercial risk.
• Heat Event Impact Confirmed: AEMO first assessments confirm 3–7% fruitlet retention loss in rain-fed Jaén from the June 8–10 heat event. Irrigation-equipped estates not materially affected. Combined with −30%+ flowering fertility, 2026/27 production outlook is now revised modestly lower.
• Final Forward Contract Window: Buyers who have not yet acted on 6–12 month forward contracts for Spanish EVOO have until approximately June 27 before summer market recess effectively suspends commercial activity. Q3 spot availability will be minimal.

Portugal's wholesale market softens to €3.95/kg (W24 Oleista, updated June 8) — now trading below Greece (€4.06/kg) for the first time since March. This inversion creates a novel sourcing proposition for EU blenders: Portuguese EVOO now offers a cheaper EU-origin alternative to Greek Koroneiki, with comparable acidity parameters, though significantly lower polyphenol profiles.

• Portugal Below Greece: At €3.95/kg vs Greece's €4.06/kg, Portugal is the cheaper EU-origin EVOO option this week — a rare market inversion that may attract Italian industrial blenders seeking lower-cost EU-identity material.
• Recovery Trajectory Intact: Stable fruit growth conditions in Alentejo and Trás-os-Montes support the 2026/27 recovery outlook after last season's 20% shortfall.

Turkish EVOO holds at €4.39/kg (W13, most recent Oleista) as the market enters the summer period. With Greek prices correcting this week, the Turkish discount to Greece has narrowed to just €0.33/kg — making Turkish Memecik increasingly competitive for non-EU-origin industrial blenders. Izmir's excellent 2026/27 fruit set under benign conditions provides a positive quality trajectory.

• Greek Correction Boosts Turkish Appeal: As Greece corrects −26.96% this week, Turkey at €4.39/kg becomes more competitive on a spread basis. Italian packagers targeting high-polyphenol blending lots are reconsidering Turkish Memecik as an alternative to Greek Koroneiki during the price discovery pause.
• 2026/27 Positive Outlook: Excellent early fruit growth conditions in Izmir (24–30°C, no precipitation risk) continue to support a positive quality and yield trajectory.

Morocco continues trading at €4.00–€4.30/kg following an abundant 2025/26 harvest. Dam infrastructure at 45%+ capacity supports the 2026/27 season. Government export quota management continues, with domestic supply protection the primary policy objective.

Tunisia holds at €3.93/kg (W24, Oleista) — maintaining its position as the benchmark for bulk value, now sharing the floor tier with Spain (€3.85/kg) and Portugal (€3.95/kg). The EU duty-free quota (56,700t) remains exhausted for the 9th consecutive year, with IPR continuing to route remaining volumes into EU operations.

• Three-Way Value Floor: Spain (€3.85/kg), Tunisia (€3.93/kg) and Portugal (€3.95/kg) now occupy the same bulk value tier — an unusual triple-convergence that reflects the broad normalisation of Mediterranean EVOO pricing from 2024's highs.
• EU Quota Strategy: Tunisia continues to negotiate quota expansion from 56,700t to 100,000t. The EU's €540m fertiliser crisis package and renewed focus on Mediterranean agricultural partnerships may create a favourable political environment for quota discussions in H2 2026.

Croatia continues to operate in its boutique premium tier (€13.50–€16.00/kg Istria, €10.00–€13.00/kg Dalmatia), entirely detached from bulk price dynamics. The country's extraordinary NYIOOC 2026 performance is now being reinforced at the regional level: Zadar County producers earned 23 awards, broadening the quality story beyond Istria's established premium. June marks the beginning of peak tourist season — the primary commercial window for Croatian EVOO boutique producers.

• Zadar County 23 NYIOOC Awards: Dalmatia's growing quality credentials — 23 NYIOOC 2026 awards — reinforces that Croatian premium EVOO is not limited to Istria. Regional differentiation is deepening, creating multiple price tiers within Croatia's boutique market.
• Summer Tourism Peak: June–August is the critical direct-sales quarter for Croatian EVOO producers. Premium B2C sales to international tourists at estate level are now the commercial priority, with Istrian producers benefiting from strong visitor numbers.

Polyphenols are the key health-active antioxidants in EVOO. EU health claim threshold: 250 mg/kg. 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 June 19, 2026.

Algeria's IOC-projected record 2025/26 harvest (up to 150,000 tonnes) is generating its first meaningful exportable surplus. Export infrastructure remains limited, but the government's EU-standard olive analysis laboratory — inaugurated in 2025 — signals accelerating regulatory readiness. The EU's renewed focus on Mediterranean agricultural partnerships (evidenced by the €540m fertiliser crisis package, June 12) may accelerate Algeria's path to certified EU-market access. First consignments to the EU expected in H2 2026.

Syria's post-Assad recovery in olive oil exports continues into mid-2026. Northwest Syrian EVOO (Idlib/Aleppo) is trading at approximately $4.80–$5.30/kg. The new government's free-market reforms are accelerating, though logistics and certification infrastructure remain under reconstruction. Mediterranean buyers are beginning exploratory engagement with Syrian cooperatives — enhanced due diligence on chain-of-custody remains essential.

Argentina's 2026 harvest (April–June) is now at PEAK FRESHNESS — the optimal window for counter-seasonal Northern Hemisphere buyers is fully open. Argentine EVOO exports have surged +111.85% in value terms in 2025/26. Mendoza Arauco lots (700+ mg/kg polyphenols) represent the global ultra-premium benchmark at $7.00–$11.00/kg. The falling peso continues to make USD-denominated Argentine exports highly competitive for international buyers.

Australia's 2026 harvest (completed March–June) is also at maximum freshness — AOA-certified lots from South Australia and Victoria are currently the freshest EVOO available globally. Australian premium lots target Japan, China and South Korea as primary export markets.

The Trump administration's 10% baseline tariff on all imports (April 2026) continues to create a competitive opening for California COOC-certified EVOO in the domestic premium segment. With the EUR now at 1.1461 vs USD, European EVOO costs slightly more in USD terms than 2 weeks ago. California producers (harvest October–January) have 2025/26 lots on market. Price range: $8.00–$15.00/kg COOC-certified.

Share of global olive oil exports by value. Source: Tridge / IOC, 2025/26 season. Global production: ~3.44 million tonnes (IOC estimate, −4% YoY).

⭐ Southern Hemisphere — counter-seasonal to Mediterranean. Fresh oil at peak freshness May–July when Northern Hemisphere stocks are oldest.

Calculate the full landed cost of bulk EVOO from any Mediterranean origin to your destination. Prices updated for Week 26, June 19, 2026.

Historical Price Context (June 2026 vs. June 2025)