Get the latest insights on price movement and trends analysis of Refined Olive Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Refined Olive Oil Price Trends for the First Half of 2023
Refined Olive Oil prices directly depend on the feedstock olive oil prices and the annual olive production. As Refined Olive Oil is a staple food product consumed across the globe, demands are usually steady.
In the first half of 2023, the Refined Olive Oil prices remained on an inclined trajectory. Y-o-Y olive oil production fell in the biggest producing and exporting nation of Spain, responsible for almost half of the global olive oil production by a whopping 55%, creating an extremely stressful condition for the Refined Olive Oil market. Rising temperatures and climate changes because of constant global warming resulted in such strikingly low production.
So, because of such stressed supplies and curtailed supply chains, the Refined Olive Oil prices grew contiguously in the period under discussion. Overall, a steep growth in the Refined Olive Oil price trends was observed.
According to Procurement Resource, Refined Olive Oil prices are expected to grow further in the upcoming months since the production is being drastically affected by the adverse climate changes. Even lower production yields are projected.
Procurement Resource provides latest prices of Refined Olive Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Refined Olive Oil is the olive oil derived from virgin olive oils through the refining methods that do not lead to alterations in the initial glyceridic structure. It has a free acidity, expressed as oleic acid, of no more than 0.3 grams per 100 grams. Refined oil is generally tasteless, odourless and colourless. Many countries deem it to be unfit for human consumption, not due to safety concerns, but due to poor flavour.
|Product Name||Refined Olive Oil|
|Synonyms||8001-25-0, Olea europaea l. fruit oil|
|Industrial Uses||Baking, Sautéing, Grilling and frying, Pharmaceuticals, Soap, Cosmetics|
|Supplier Database||Borges Agricultural & Industrial Edible Oils, S.A, The Sovena Group, Industrie Olearie F.lli Rubino SpA|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Refined Olive Oil is the olive oil obtained by refining any grade of virgin olive oil, which is extracted by crushing olives, the fruit of Olea europaea, with the help of an edge runner mill.
No solvents are used to extract the Refined Olive Oil, but it is refined with the help of charcoal and other chemical and physical filters. The refining process removes colour, odour and flavour from the olive oil and leaves behind a very pure form of oil that is extremely low in free fatty acids.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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