Mediterrolio Olive Oil Market Report — Week of August 14, 2026

⭐ Gold Member Spotlight · Week 33

Frantoio Presciuttini

🇮🇹 Viterbo, Lazio, Italy · ~3,000 Trees · Caninese, Frantoio, Leccino, Moraiolo & Coratina

Founded and run by Pierluigi Presciuttini, who grew up among the olive trees of his family's mill near Viterbo. Today he manages roughly 3,000 trees, almost all of them rescued from neglect over the last four years — Presciuttini specifically seeks out abandoned groves and long-isolated trees, which he considers the best for production quality and rusticity. The estate favours sustainable, chemical-free cultivation, from polyconic vase training to precise harvest-timing tools, blending Caninese, Frantoio, Leccino, Moraiolo and Coratina. Certified BIO, EU/USDA Organic, FDA and PDO/PGI, and a repeat finalist and medallist at IOOC, AIOOC and NYIOOC — a working example of the reclaimed-heritage-grove story that anchors Mediterrolio's Italian network.

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The Mediterranean wholesale olive oil market extended its late-summer stabilisation this week, with Spain's national average ticking up +0.7% to €3.48/kg (W33, Oleista August 11) — its third consecutive weekly gain and still the cheapest of the four EU/non-EU bulk-tier origins tracked by the MOPI. Greece eased for a second straight week to €3.73/kg, down from €3.77/kg, still above Tunisia (€3.71/kg, W31, confirmed unchanged for a sixth week) but below Portugal's €3.95/kg ceiling, unchanged for a seventh straight week. Italy carries no new Oleista reading for a ninth consecutive week, holding at €5.77/kg (W25) as the summer stand-down approaches its end. On trade policy, the Section 301 forced-labor tariff regime enters its third full week unchanged, though Turkish exporters (EZZİB) are now openly campaigning for a correction before the October harvest, citing a 30% year-on-year drop in H1 2026 export volumes. On weather, the picture inside Spain itself has become two-track: the historic Ávila blaze — the largest in the country's recorded history — is now at its lowest alert level, and the Sierra Oeste Madrid and Castellón fires are fully controlled, yet new fires in Huelva (Niebla) and Aragón's Huesca mountains have pushed the provisional national tally to 256,937 hectares, 170% above the 20-year average. Greece, meanwhile, has become the week's clearer good-news story, with cumulative 2026 burned area now running 39% below the 20-year average and no new major incidents since early August. The EUR held near 1.1540 vs USD (ECB, August 11). Summer thin-trading conditions persist but continue loosening as attention turns toward 2026/27 harvest preparation.

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 11, 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 33, August 14, 2026.

Greece eases for a second consecutive week: Oleista's W33 reading (August 11) prints €3.73/kg, down from €3.77/kg the prior week. The move keeps Greece above both Spain (€3.48) 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 even as the gap between Spain, Tunisia and Greece continues to tighten. The bigger story in Greece this week is genuinely positive: after the deadly Attica wildfire and fatal firefighting helicopter collision of early August, the country has recorded no new major fire activity, and its cumulative 2026 burned area of roughly 30,493 hectares now sits 39% below the 20-year average. Reconstruction efforts continue in the areas affected by the Attica fire and the late-July fires on Crete and in the Peloponnese, but the acute risk phase appears to have passed for now.

• Second Straight Weekly Decline: The €3.73/kg print continues the softening seen since Greece's three-week stale streak ended, giving buyers a consistent downward signal to negotiate against.
• Fire Risk Has Genuinely Eased: No new major wildfire activity this week, and the national burned-area total is running well below its 20-year average — a sharp contrast to the acute Attica emergency of two weeks ago.
• Italian Estate Story Takes This Week's Spotlight: This week's Gold Member Spotlight moves to Frantoio Presciuttini in Viterbo, Italy — a reclaimed-heritage-grove story that echoes the small-estate narrative several recent Greek spotlights have carried.

Italy carries no new Oleista reading for a ninth consecutive week, holding at €5.77/kg (W25) — a reference now deep into stale territory as the summer recess nears its end. With Italian industrial blenders' attention still focused on Greek and Spanish procurement, domestic mill activity remains minimal. The Italy-Greece spread now stands at €2.04/kg, comfortably profitable for blenders once trading resumes. This week's Gold Member Spotlight lands in Italy for the first time in several weeks: Frantoio Presciuttini, an estate near Viterbo run by Pierluigi Presciuttini, built almost entirely on olive groves rescued from neglect over the past four years — a story that speaks directly to the reclaimed-heritage narrative shaping the premium end of the Italian market heading into autumn.

• Reference Price Now Nine 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 late summer, 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 Highlights Lazio's Reclaimed-Grove Story: Frantoio Presciuttini's ~3,000-tree estate near Viterbo, most of it rescued from neglect over the last four years, is a working counterpoint to Italy's larger commercial bulk regions.

Spain's wholesale market extended its recovery for a third consecutive week, ticking up +0.7% to €3.48/kg (W33, Oleista August 11). 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 stabilisation comes even as Spain's fire season has become genuinely two-track: the historic Ávila blaze — Spain's largest wildfire on record — has been downgraded to its lowest alert level, and the Sierra Oeste Madrid (>70,000 ha) and Castellón (Vall d'Uixó, 9,568 ha) fires are fully controlled, but new fires have opened this week near Niebla in Huelva (~5,380 ha) and, sparked by lightning, in Aragón's Huesca mountains near Peñas de Riglos (~3,952 ha) and Agüero (~1,480 ha). MITECO's provisional national tally now reaches 256,937 hectares — 170% above the 20-year average — with the Almería region still recovering from July's deadliest wildfire in Andalusian history, which killed 12 people near Los Gallardos.

• Third Straight Week Off the Low: Spain's W33 reading edges up +0.7% to €3.48/kg, building on two prior weeks of gains. Three consecutive increases is a firmer recovery signal than the market has seen since the reversal a month ago.
• Ávila Blaze Downgraded, But New Fires Open Elsewhere: Spain's largest wildfire on record is now at its lowest alert level and in final mop-up, and Sierra Oeste Madrid and Castellón are fully controlled — but new fires in Huelva (Niebla) and Aragón's Huesca mountains keep the season active.
• Still Historically Severe: MITECO's provisional 256,937 ha remains 170% above the 20-year average — an improving containment picture in some regions offset by fresh outbreaks in others.
• 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 seventh straight week (W27, June 29 reading carried forward). With Spain at €3.48/kg, Tunisia at €3.71/kg and Greece's fresh print at €3.73/kg, Portugal remains the clear ceiling of the bulk-tier group. Blenders seeking the cheapest EU-origin EVOO this week turn first to Spain, then Tunisia, then Greece, with Portugal remaining the most expensive by a wide and stable margin. The heat mass pressing on Alentejo has eased slightly this week as Spain's weather pattern shifts.

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, but this week's sharper development is trade policy: EZZİB President Emre Uygun has publicly called on Washington to revisit the 12.5% Section 301 duty before the October harvest, citing a 30% year-on-year decline in Turkey's H1 2026 combined olive and olive oil export volumes (~59,000 t, $187M).

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 three 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 sixth week at €3.71/kg, keeping it the second-cheapest bulk-tier origin behind Spain. The notable development this week is a mirror image of Turkey's: while Turkish exporters are publicly lobbying for tariff relief, 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 three full weeks of enforcement with no sign of review.

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. Peak summer tourist season remains active but is now visibly narrowing as mid-August passes — the primary commercial window for Croatian estate producers to drive direct-to-visitor revenue ahead of the autumn wholesale competition cycle.

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 14, 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 three 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 moving 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 roughly two and a half weeks left to register before the September 1 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, three-weeks-settled 12.5% rate — a split now openly contested by Turkish exporters, who are lobbying for relief ahead of the October harvest. EUR/USD holding near 1.1540 keeps the effective landed cost for US buyers of EU-origin oil broadly stable week-on-week. 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 heat and 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 heatwave and wildfire damage; the October aforo will show how much of the projected Spanish recovery holds. 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 33, August 14, 2026. Note: Section 301's in-transit exemption expired July 28 and the tariff split is now three 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.