Mediterrolio Olive Oil Market Report — Week of July 24, 2026

⭐ Gold Member Spotlight · Week 30

Schinosa

🇮🇹 Trani, Province of Barletta-Andria-Trani, Puglia, Italy · Family Estate Since 1647 · Coratina & Peranzana

Run today by a group of sisters who inherited the land — and the stubbornness — of ancestors who have worked these olive groves near Trani since 1647, Schinosa is one of the oldest continuously producing estates in the Mediterrolio network. "To love a land also means sometimes to clash with it," says Maria Francesca Di Martino of the family. The estate produces PDO- and PGI-certified Coratina and Peranzana EVOO and has been recognised with Gold at the IOOC and by Olio di Italia, Gambero Rosso and Oliofficina, among other juries. A rare example of multi-generational Puglian stewardship, Schinosa pairs deep-rooted tradition with the rigorous quality documentation increasingly demanded by export buyers this season.

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The Mediterranean wholesale olive oil market found a tentative pause this week after last Friday's sharp reversal. Spain's national average edged up +0.84% to €3.60/kg (W30, Oleista July 22), holding well below its late-June/early-July peak of €3.78/kg and remaining the cheapest of the four EU/non-EU bulk-tier origins tracked by the MOPI. Tunisia's freshest reading (W29, July 13) confirms unchanged at €3.71/kg, keeping the discount order from last week intact — Spain cheapest, then Tunisia, then Greece (€3.83/kg, carried forward for a third week) and Portugal (€3.95/kg, unchanged for a fourth week) as the group's ceiling. Italy carries no new Oleista reading for a sixth consecutive week, holding at €5.77/kg (W25) as the summer stand-down deepens further. On trade policy, today marks the Section 122 sunset: the flat 10% US surcharge expires at 12:01am ET, a non-event for EU oil (already on the trade deal's 15% ceiling since July 1) but a live variable for the non-EU trio — Turkey and Morocco are named on USTR's proposed 46-country, 12.5% Section 301 replacement, while Tunisia is not part of that investigation at all, positioning it for a materially lower US duty once the transition settles. On weather, Spain's third heatwave of the summer is forecast to peak today and tomorrow at 44-47°C, layered on top of the country's largest 2026 wildfire (roughly 29,000 hectares near Guadalajara, still active) and a now-contained 15,400-hectare blaze near Zaragoza — pushing Spain's national burned area past 104,000 hectares, the worst in the EU this year. The EUR held near 1.1408 vs USD (ECB, July 22). Summer thin-trading conditions remain fully in effect, and one week of stabilisation should not yet be read as a confirmed floor.

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 July 22, 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 30, July 24, 2026.

Greece's Oleista reading carries forward to €3.83/kg for a third consecutive week — a print that now makes Greece the priciest of the three EU bulk-tier origins tracked below Portugal, with Spain's tick-up narrowing but not closing the gap. Italian industrial blenders remain in pause mode, extending a hand-to-mouth digestion period that is now approaching a month. Allocations of Q4 2026 Messenia and Laconia Koroneiki continue to shrink as the summer recess deepens. With Spain still cheaper and Tunisia confirmed unchanged, Greece remains at the top of the three-origin cluster this week.

• Italian Buying Wave Pause Approaches a Month: A third consecutive week without a fresh Oleista reading and no sign of an Italian re-entry surge — the longest gap of the current hand-to-mouth cycle since spring.
• Relative Position Holds at the Top: At a carried-forward €3.83/kg, Greece sits above both Spain (€3.60) and Tunisia (€3.71) for a second straight week, purely because Greece hasn't moved while the other two have stabilised at lower levels.
• Puglian Multi-Generational Story Echoed This Week: This week's Gold Member Spotlight, Schinosa of Trani, is an Italian counterpart to the small-estate, family-stewardship narrative that has defined several recent Greek spotlights.

Italy carries no new Oleista reading for a sixth consecutive week, holding at €5.77/kg (W25) — a reference that is now well past the point of being a live price. With Italian industrial blenders' attention still focused on Greek and Spanish procurement, domestic mill activity remains minimal. The Italy-Greece spread stands at €1.94/kg, comfortably profitable for blenders once trading resumes. This week's Gold Member Spotlight lands in Italy itself: Schinosa, a Puglian family estate in Trani producing PDO/PGI-certified Coratina and Peranzana since 1647, a reminder of the depth of small-producer heritage waiting for the autumn re-entry.

• Reference Price Now Six 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 summer, but the true current level is genuinely uncertain.
• US Tariff Clarity Holds for Italy: Italian EVOO, like all EU origins, remains on the flat 15% US tariff ceiling since July 1 — unaffected by today's Section 122 sunset, which only reshapes the picture for non-EU origins.
• Puglian Estate in the Spotlight: This week's Gold Spotlight, Schinosa of Trani, reflects the same small-batch, multi-generational tradition prized among Italy's best artisan producers heading into autumn selling.

Spain's wholesale market steadied this week, ticking up +0.84% to €3.60/kg (W30, Oleista July 22) after the prior week's sharp -6.26% reversal. 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 as Andalusia enters its third heatwave of the summer, forecast to peak today and tomorrow at 44-47°C, while the country's largest 2026 wildfire (~29,000 hectares) continues burning near Guadalajara in Castilla-La Mancha and a second major blaze near Zaragoza (~15,400 hectares) has been brought under control. National burned area has passed 104,000 hectares, the worst in the EU this year.

• Slide Pauses, Not Yet a Confirmed Floor: Spain's W30 reading edges up +0.84% to €3.60/kg, a tentative stabilisation after last week's sharp reversal. One week is not a trend; the next 1-2 readings will confirm whether this is a floor.
• Third Heatwave of the Summer Peaking Today: AEMET has confirmed a third official heatwave, with highs of 44-47°C forecast for the south-eastern third of the country on July 23-24, layered on top of an already-severe wildfire season.
• Largest Wildfire of 2026 Still Active: A blaze near La Mierla, Guadalajara has burned roughly 29,000 hectares over six days — the biggest in Spain this year — while the Orés (Zaragoza) fire, at 15,400 hectares, is now contained. National burned area has passed 104,000 hectares.
• US Tariff Question Resolved for Spain: Spanish EVOO remains on the EU-US deal's flat 15% ceiling since July 1 — unaffected by today's Section 122 sunset.

Portugal holds unchanged at €3.95/kg for a fourth straight week (W27, June 29 reading carried forward). With Spain at €3.60/kg, Tunisia at €3.71/kg and Greece at €3.83/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. Portugal is also feeling the edge of Spain's third heatwave this week, with highs pushing into the mid-30s in Alentejo.

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 weeks. Izmir continues under stable, favourable 2026/27 fruit growth conditions, keeping Memecik and Ayvalık on track for a strong quality outlook, but the sharper development this week is trade policy: Turkey is named on USTR's proposed 12.5% Section 301 tariff replacing the expiring Section 122 surcharge.

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. Morocco is named alongside Turkey on the proposed 12.5% Section 301 successor to Section 122 — a new 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 (W29, July 13 update) holds unchanged at €3.71/kg, keeping it the second-cheapest bulk-tier origin behind Spain. The notable development this week isn't price but trade policy: Tunisia does not appear anywhere on the 60-country Section 301 forced-labor investigation that underpins the proposed successor to Section 122, unlike Turkey and Morocco, which face a proposed 12.5% duty. If the current proposal holds, Tunisian EVOO could see a materially lower US landed cost than its North African and Turkish counterparts from today onward — a genuine structural advantage layered on top of already-competitive bulk pricing.

Croatia operates entirely in its boutique premium tier, detached from bulk price dynamics. Peak summer tourist season remains fully active — the primary commercial window for Croatian estate producers, with direct-to-visitor sales continuing to drive revenue ahead of the autumn competition cycle.

Polyphenols are the key health-active antioxidants in EVOO. EU health claim threshold: 250 mg/kg. QvExtra!'s consumer certification (launched June 2026) 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 July 24, 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 is also named among the 46 economies on USTR's proposed 12.5% Section 301 forced-labor tariff, a new 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 is also on the proposed 46-country 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; Australia is also named on the proposed 12.5% Section 301 list, a minor consideration given the limited scale of its US-bound EVOO trade.

With the EU-US trade deal in place since July 1, EU olive oil pays a flat 15% all-inclusive US tariff, insulated from today's Section 122 sunset. For non-EU competitors, today's transition splits the field: Tunisia looks set for a materially lower US duty (absent from the Section 301 successor list), while Turkey and Morocco face a proposed 12.5% rate — a mixed picture for the competitive gap that has favoured California COOC-certified EVOO in the domestic premium segment through much of 2026. EUR/USD holding near 1.1408 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 month'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 month'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 today's Section 122 sunset.

Calculate the full landed cost of bulk EVOO from any Mediterranean origin to your destination. Prices updated for Week 30, July 24, 2026. Note: Section 122's flat 10% US surcharge expires today; EU-origin oil stays on the EU-US trade deal's flat 15% all-inclusive ceiling (effective since July 1, 2026), while Tunisia, Turkey and Morocco each face a different post-sunset outcome depending on USTR's final Section 301 notice.

Historical Price Context (July 2026 vs. July 2025)

July 2025 figures reflect the last verified same-period readings available; treat as indicative where noted.