Global refined olive oil prices followed a mixed trajectory during Q1’26 as improved harvesting activity across southern Europe corrected earlier supply shortages and pressured prices downward during the initial months of the quarter. However, the Iran war and shipping disruptions around the Strait of Hormuz sharply increased marine freight, fuel, and transportation costs, reversing the declining trend toward the quarter’s end. Feedstock conditions improved compared to previous drought-hit seasons as the EU maintained olive oil supply availability near ~2.506 million MT, supported by stronger crop recovery across Mediterranean producers. Spain remained the dominant regional supplier, contributing nearly 70% of total EU olive oil output, which supported export flows and improved product availability across international markets. Nevertheless, rerouted shipping activity and longer cargo transit times significantly increased landed costs for import-dependent regions, particularly the U.S., where Mediterranean-origin imports account for the majority of consumption. Downstream demand from foodservice, retail, and packaged food sectors remained cautious as consumers continued adjusting to previously elevated prices and inflationary pressure across edible oil markets.
Analyst Insight
According to Procurement Resource, refined olive oil prices are expected to remain slightly firm as elevated logistics costs and weather-related supply uncertainty continue balancing improved production availability across key exporting regions.
Related Report
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Unlock Price Insights NowOur Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
The global market for Refined Olive Oil experienced downward price pressure during the fourth quarter, driven primarily by abundant supply from major producing regions. Spain recorded its strongest harvest in several years, leading to export volumes that exceeded levels not seen since the early part of the decade. Production recovery following consecutive historically low harvests created ample availability across European markets. Tunisia achieved record harvest expectations, further contributing to global supply abundance. Export activity surged substantially, with Spanish shipments increasing significantly to key destinations including Italy and the United States. However, despite higher volumes, the value of exports declined considerably as unit prices fell sharply compared to the previous year. This pattern reflected widespread price compression across international markets. Portuguese markets experienced similar dynamics, with prices declining progressively through the quarter as domestic production improved and imports remained elevated.
Trade tensions emerged as low-priced imports from North Africa entered European markets, creating competitive pressures that weighed on domestic pricing structures. Allegations of irregular trade practices and concerns about market distortions prompted calls from producer organizations for tighter import controls. Consumer demand responded positively to lower prices, with domestic consumption increasing notably in several markets. Export earnings suffered despite volume growth, reflecting the challenging pricing environment that characterized the quarter.
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.
Baking, Sautéing, Grilling and frying, Pharmaceuticals, Soap, Cosmetics
Olea europaea l. fruit oil
Borges Agricultural & Industrial Edible Oils, S.A, The Sovena Group, Industrie Olearie F.lli Rubino SpA
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
Senior Lead Analyst
Delivering procurement intelligence and commodity research across automotive, oil & gas, chemicals, aerospace, and energy, helping sourcing teams decode complex supply chain data to sharpen purchasing strategies and achieve sustainable cost outcomes.
Our Price Analysis Methodology
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
This report presents a cost analysis of syngas production from heavy fuel (heavy hydrocarbons)
This report provides the cost structure of LPG production by the petroleum refining process. In this process, the crude oil recovered is separated into oil and wet gas via a gas trap.
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply-demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
