Mediterrolio Olive Oil Market Report — Week of November 6, 2026

⭐ Gold Member Spotlight · Week 46

Elean

🇬🇷 Lygia, Elis, Greece · Family Groves · Koroneiki & Olympia · Early Harvest · Small-Batch

Elean comes from Lygia, a hilltop village near the sea in Elis, in the western Peloponnese, where the family has tended its olive groves for generations. After a life-changing personal experience, the founder returned to the family land — a return to purpose, roots and simplicity that now shapes the brand. Elean works with two Greek varieties, Koroneiki and Olympia, harvests early and produces in small batches, overseeing every step from tree to bottle. Its approach is craft-led rather than mass-market, with support for regenerative, low-impact cultivation, replanting of olive trees to absorb CO₂ and full traceability from grove to bottle. A timely profile as Peloponnese new-crop bulk eases to €3.40–€3.50/kg and buyers look for traceable, early-harvest oil that stands apart from the commodity market.

View Profile →

Week 46 brought the policy decision the market had waited for — and a muted price response. Spain's Directorate-General for Production and Markets set the withdrawal at 12% of monthly cumulative output from November, about 188,000 t, to be stored until September 30, 2027. The figure sits at the lower end of expectations and well below the 20% ceiling. Oleista's national EVOO average eased to €3.12/kg (W46, -2.8% on our last print), Poolred printed €3.17/kg for November 3–9 (virgin €2.79, lampante €2.73) on 53 operations and 2,596 t — almost double the previous week's volume — and the Junta de Andalucía observatory held at €3.03/kg. Olio Officina trimmed new-crop Andalusian Picual to €3.20–€3.50/kg. Greek new-crop bulk also eased €0.10/kg to €3.40–€3.50/kg (Peloponnese) and €3.50–€3.60/kg (Crete), while Italy held at €5.18/kg and Bari at €5.05/kg. Tunisia's Oleista print rose to €3.55/kg (W44), but the first new-crop Sfax offers are lower, at €3.20–€3.30/kg. Portugal's SIMA bulletin put EVOO at €3.46/kg (-0.3%) and virgin at €3.10/kg (-2.5%). Our read: with supply resources near 1.96 Mt, the 12% withdrawal slows the flow of oil rather than reversing the surplus. We expect Spain to trade at €3.00–€3.30/kg through December, with the next catalyst being November mill-intake data and any revision after December 31. Greek new-crop bulk should hold at €3.30–€3.50/kg, and Tunisian new-crop offers should settle near Spanish levels.

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 November 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 46, November 13, 2026.

Spain's national average eases to €3.12/kg (Oleista W46, -2.8% on our last print), with virgin oil at €2.86/kg and lampante at €2.80/kg. Poolred, via ASAJA-Jaén, recorded EVOO at €3.17/kg for November 3–9, virgin at €2.79/kg and lampante at €2.73/kg, on 53 operations and 2,596 t — up from 29 operations and 1,482 t the week before. The Junta de Andalucía observatory held at €3.03/kg for week 45 (virgin €2.93, lampante €2.72). The policy question is now settled. The resolution of the Directorate-General for Production and Markets, published in the BOE on November 6, obliges every mill to withdraw 12% of its monthly cumulative 2026/27 production, regardless of category, and store it until September 30, 2027 in its own or third-party facilities. The Ministry puts the volume at about 188,000 t of a 1,602,596 t crop, with opening stocks of 357,040 t; the measure applies to production declared from November, so October output is excluded, and the resolution can be modified from December 31, 2026 depending on how production develops. It is the first time the mechanism has been activated. Farm groups welcomed it as a first step — ASAJA Toledo says growers need €4.00–€4.50/kg to cover costs — while Spain's competition authority (CNMC) has warned the measure could raise prices. Separately, Dcoop and Acesur agreed to buy Deoleo at an enterprise value of €520 million. Olio Officina lowered new-crop Andalusian Picual (acidity ≤0.4%) to €3.20–€3.50/kg and Spanish lampante to €2.75–€2.85/kg.

• 12%, Not 20%: The withdrawal came in at the lower end of expectations, and prices eased rather than rallied. Higher Poolred volume suggests sellers have stopped waiting.
• A Moving Target: Because the 12% applies to monthly declared output and can be revised after December 31, the effective tonnage depends on November–December mill intake.
• Next Data Points: AICA's October market data, the first mill-intake figures of 2026/27 and the Ministry's review after December 31.

Portugal's official SIMA bulletin for November 2–8 puts bulk EVOO at a national weighted average of €3.46/kg, down 0.3% on the week, and bulk virgin oil at €3.10/kg, down 2.5%. In packaged form, EVOO in 5-litre containers rose 0.7% to €5.40 per litre, 13.6% below a year earlier, while virgin oil in 5-litre containers held at €4.84 per litre (-7.3% year on year). SIMA again says that low-priced Tunisian oil entering the market, together with Spanish quotations, is putting pressure on national prices and that many producers struggle to cover raw-material and production costs, creating liquidity problems. Quality is rated good in all producing regions. Oleista's latest Portuguese reading is €3.47/kg (W44), with virgin oil at €3.18/kg. Output is projected at up to 175,000 t, driven by new Alentejo groves.

• Premium Over Spain Holds Near €0.34/kg: Portuguese bulk barely moved while Spain slipped, so the spread widened slightly from last week's €0.26/kg.
• Virgin Oil Leads the Decline: A 2.5% weekly fall in bulk virgin oil signals pressure on lower grades as the Alentejo harvest advances.

Italy's EVOO average holds at €5.18/kg (Oleista W44, no new print), with virgin oil at €3.00/kg and lampante at €2.69/kg. ISMEA kept Bari new-crop EVOO (and Terra di Bari DOP) at €5.05/kg for November 2–8, unchanged on the week, while lampante in Brindisi fell 6.9% to €2.70/kg. Elsewhere on ISMEA's lists, Foggia stood at €4.80/kg and Brindisi, Lecce and Taranto at €4.00/kg (October 29), Palermo and Trapani at €6.35/kg, Ragusa new oil at €13.25/kg and Chieti and Pescara at €12.00/kg (November 6 and 2). ISMEA's latest national weekly average remains €4.78/kg for the fourth week of October, 47.7% below a year earlier. Old-crop oil in Andria and Bitonto is still offered at €4.00–€4.10/kg. With Spain at €3.12/kg, the Italy–Spain gap widens to €2.06/kg, and Spain's withdrawal is being followed closely in Italy, which buys much of its bulk from Spanish mills.

• New-Oil Premium Holds: Bari stays at €5.05/kg while old-crop Apulian lots sit at €4.00–€4.10/kg — keep crop year and harvest date in every contract.
• Italy–Spain Gap Above €2/kg: At €2.06/kg, the spread is the widest in weeks, reinforcing the value of southern Apulian lots for origin programmes.

Oleista shows no new Greek reading this week: EVOO stays at €3.30/kg (W45), with virgin oil at €2.80/kg and lampante at €2.35/kg. New-crop bulk eased instead. Olio Officina's November 10 bulletin quotes EVOO (acidity ≤0.5%) at €3.40–€3.50/kg for the Peloponnese and €3.50–€3.60/kg for Crete, ex-loading and excluding VAT — €0.10/kg below the previous week. At producer level, Messinian prices were €3.00–€3.30/kg last week, according to Yannis Iliadis, president of the Messinia olive mill association, who says that at these levels the price barely covers picking and leaves cultivation costs uncovered. Quality is very good so far, yields are lower, gloeosporium remains a risk, labour is scarce and expensive, and milling fees have risen. In Crete, producers are paid €3.20–€3.40/kg depending on quality and terms, with the last Heraklion average at €3.53/kg. Greek commentators note that Spain's withdrawal could help keep Greek prices from falling further and open space for Greek exporters and bottlers.

• Bulk Follows Spain Lower: A €0.10/kg cut across Peloponnese and Cretan quotes keeps Greek new crop within €0.30–€0.50/kg of Spanish references.
• Margins Under Strain: Producer prices near picking cost, higher milling fees and labour shortages raise the risk of fruit left unharvested on marginal groves.

Oleista's latest Tunisian reading rises to €3.55/kg (W44, October 26), with lampante at €2.38/kg (November 1). Export quotations are lower: Olio Officina reports that Tunisia has started offering new-crop oil, with Sfax EVOO (acidity ≤0.4%) at €3.20–€3.30/kg on November 10, and a local reference cited by Oleaflo stood at 11.19 TND/kg (≈ €3.33/kg) on November 6. The 2025/26 export season closed at a record: ONAGRI data published on November 9 show 399,300 t exported between November 2025 and September 2026 (+48.6%) for 5,016.4 million dinars (+39.4%), with the September average price at 13.02 TND/kg (-2.4% year on year). The farmers' union sees 2026/27 output at no more than 250,000 t. Tunisia keeps its 56,700 t duty-free EU quota, and Portugal's SIMA continues to cite low-priced Tunisian oil as a source of pressure on Iberian prices.

• New Crop Priced Near Spain: First Sfax offers at €3.20–€3.30/kg sit within a few cents of Spanish references, despite a much smaller crop.
• Two Readings, One Market: Oleista's €3.55/kg average reflects late-October mill-level trade; export offers this week are lower — use both when benchmarking.

With Oleista's Turkish series still stale, this week we use commodity-exchange data: registrations at the Edremit and Akhisar exchanges on November 4 put EVOO at 215–270 TL/kg — about €3.85–€4.83/kg at the ECB rate of 55.8897 TL — and crude oil at 120–165 TL/kg (≈ €2.15–€2.95/kg). Free-market bulk EVOO traded at 365–435 TL per litre-kg. At retail, Marmarabirlik cut its 5-litre EVOO price to 1,999 TL on November 11 from 2,044.90 TL two days earlier. Olio Officina quotes Turkish refined olive oil at €2.75–€2.85/kg and links the weakness to a very good production year and significant carry-over stocks. Exports remain weak: olive oil shipments fell 53% to 15,700 t in January–September 2026, and the Aegean exporters' association is seeking removal of the 12.5% Section 301 duty in the US. The EU duty-free quota remains just 100 t against 56,700 t for Tunisia.

Moroccan export offers hold at €4.00–€4.40/kg for Meknès EVOO (acidity ≤0.4%) in flexitank, according to Olio Officina's November 10 bulletin, unchanged on the week. Domestically, olives sold at 4–6 MAD/kg at the start of the 2026/27 harvest depending on quality, and farmers expect further falls because mills still hold large stocks from the 2025/26 record crop. The president of the olive interprofession expects oil prices not to exceed 70 MAD per litre at the start of the season; mill prices of 37–38 MAD per litre have been reported in Moulay Yacoub and Taounate and 45–50 MAD at Laâttaouia. With Spain at €3.12/kg, Moroccan oil competes on non-EU, non-quota positioning rather than price, and US-bound lots carry the settled 12.5% Section 301 duty.

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. In Istria, mills such as San Antonio, Nono Remiđo, Agrolaguna and Sinožić charge €0.35–€0.37 per kg of olives for milling, with discounts above one tonne, and report yields of roughly 7–15% depending on variety, site and ripeness. Larger family farms put the cost of production, picking and milling at about €12 per litre before counting their own labour, which supports retail pricing. In Dalmatia, the Oblica crop is good but yields are often below 10%; one producer near Pirovac sells at €25 per litre and calls the €35+ talked about in Istria excessive given lower prices in Greece and Spain. Istria was again named the world's best olive-growing region in the Flos Olei 2027 guide, with two Istrian producers scoring 100/100.

Polyphenols are the key health-active antioxidants in EVOO. EU health claim threshold: 250 mg/kg. Harvest and milling are under way across Spain, Italy, Greece, Croatia, Portugal, Turkey, Tunisia and Morocco — the window in which phenolic content peaks, so CoA sampling should happen at milling. Where rain is delaying picking, add acidity and peroxide checks to the polyphenol panel; for Greek and Sicilian single-variety oils include total sterols, and for all 2026/27 lots add MOSH/MOAH. 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 November 13, 2026.

Oleista still shows no new Lebanese reading since October 13: EVOO holds at €6.12/kg, virgin at €4.79/kg and lampante at €2.40/kg. With Spain down to €3.12/kg, the Lebanese premium widens to €3.00/kg — almost exactly double the Spanish price. In the south, which normally supplies around a fifth of national output, picking continues under Lebanese Army supervision in border villages, and municipalities have warned that delays beyond November would hurt oil quality. Supply from southern districts should continue to be treated as at risk for 2026/27, and buyers of Lebanese specialty oil should expect premium pricing to persist.

The West Bank harvest is in its final days. The latest UN OCHA tally — 272 olive-harvest-related settler attacks between September 1 and October 19, already more than in the whole of the 2024 and 2025 seasons — has not yet been updated, but Palestinian media continued to report attacks on farmers in early November, including 15 incidents across six governorates reported on November 3. Olive farming supports an estimated 80,000–100,000 families in the West Bank. Buyers of Palestinian fair-trade oil should keep shipment windows for 2026/27 lots flexible and expect smaller volumes from affected villages.

Algeria's harvest season is under way, with no new market data this week. Its exportable surplus remains constrained by export infrastructure and certification, and French buyers continue to take the bulk of certified volumes. Algeria remains among the 60 economies subject to Section 301 forced-labor tariffs, now sixteen weeks into full enforcement — a minor consideration for its small US-bound volume.

The harvest continues, with no new official data this week. The preliminary industry forecast still projects Syrian output rising from about 66,000 t to 191,000 t in 2026/27. Northwest Syrian EVOO (Idlib/Aleppo) continues trading at approximately $4.80–$5.30/kg. Logistics and certification infrastructure remain under reconstruction, and enhanced chain-of-custody due diligence remains essential for any commercial engagement.

Argentina's April–June 2026 vintage now competes directly with fresh Mediterranean new-crop oil. Argentine oils are among the eight extra virgin oils from Argentina, Brazil, South Africa and Uruguay recognised with the IOC's 2026 Mario Solinas Quality Award for the Southern Hemisphere. Mendoza Arauco lots (700+ mg/kg polyphenols) remain the global ultra-premium benchmark at $7.00–$11.00/kg. With Spanish bulk at €3.12/kg, Tunisian new crop offered at €3.20–€3.30/kg and a global surplus forecast for 2026/27, Argentine bulk exporters face a tough price comparison in the US for Q4.

Australia's March–June 2026 harvest is concluded, with AOA-certified lots from South Australia and Victoria in the fresh-oil marketing window. Exports remain focused on Japan, China and South Korea. The euro firmed again to A$1.6222 (ECB, November 11, from A$1.6033), making European oil about 1.2% dearer for Australian importers on FX alone — but Spain's price fall more than offsets it, leaving Spanish EVOO about 1.7% cheaper in Australian-dollar terms on the week. Australian producers buying imported glass should also note China's removal of VAT export rebates on glass containers, flagged by The Olive Centre as a bottle-cost risk.

EU olive oil continues to pay the EU-US deal's flat 15% all-inclusive tariff, insulated from the Section 301 regime. For non-EU competitors, the split is settled: Tunisia's absence from the 60-economy list keeps its US duty materially lower, while Turkey and Morocco pay 12.5% — and Turkey's exporters are lobbying for its removal. The euro eased to $1.1127 (from $1.1224), so the dollar cost of Spanish EVOO is down ~3.6% on the week, combining the price fall and the softer euro. The Dcoop–Acesur purchase of Deoleo also matters for the US: Dcoop already holds a stake in Pompeian and Deoleo markets Bertolli, and the deal requires US antitrust clearance. California producers have 2025/26 lots on the market at $8.00–$15.00/kg COOC-certified, with the new harvest under way.

IOC's first formal 2026/27 production estimates (June 2026 Council meeting), with this week's official and sector updates noted. Global production 2025/26: ~3.44 million tonnes; global consumption forecast 3.248 million tonnes (IOC). Preliminary industry forecasts put 2026/27 world output at 3.50–3.65 Mt against consumption of ~3.25 Mt — a surplus year — with Spain at ~1.60 Mt (~46% of the total). USDA forecasts ~3.3 Mt. Spain's 12% withdrawal (~188,000 t) takes oil off the market until September 30, 2027 but does not remove it from the balance sheet. The IOC's 124th Council of Members session takes place in November 2026 and is due to decide on extending the International Agreement on Olive Oil and Table Olives to December 31, 2027; World Olive Day follows on November 26.

Southern Hemisphere origins are counter-seasonal to the Mediterranean; their 2026 harvests concluded in Q2. IOC 2026/27 estimates were set in June. Since then, Spain's Ministry of Agriculture has published a national aforo of 1,602,596 t (October 1), put opening stocks at 357,040 t (SIMO data, October 28) and set a 12% withdrawal (November 6); ICQRF puts Italian stocks at 195,044 t (September 30) and Assitol estimates Italian output at about 260,000 t. Greek sector estimates point to 280,000–330,000 t, Tunisia's farmers' union sees no more than 250,000 t, Portugal's SIMA bulletin projects up to 175,000 t, Turkish sector assessments cite 500,000–600,000 t, and preliminary industry figures put Syria at ~191,000 t. Turkish prices are converted from Edremit/Akhisar exchange registrations at the ECB rate. US tariff figures for EU origins reflect the EU-US 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 46, November 13, 2026. Note: the US tariff split is now sixteen 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 (Early November 2026 vs. Early November 2025)

Spain's comparison uses Poolred's EVOO average for November 3–9 in both years, as published by ASAJA-Jaén. Italy's year-on-year change is ISMEA's published variation for the fourth week of October 2026 (−47.7%); Portugal's is SIMA's published variation for EVOO in 5-litre containers for November 2–8 (−13.6%); the 2025 levels are implied from them. *Figures marked with an asterisk are carried from the MOPI series and are under review against verified same-period sources; treat as indicative.