Business · Energy & Commodities · 12 hrs ago
Olive oil prices in Italy are 26% below their 2024 peak
Olive oil prices in Italy have fallen after sharp increases in recent years.
September prices were down 7% from a year earlier and 26.4% below their June 2024 peak, according to Istat data cited by consumer group Assoutenti.
Prices surged across the European Union in 2024 after drought and unusual heat reduced olive harvests.
At the time, a litre cost between 10 and 12 euros on average in many Italian cities.
Assoutenti warns that more products may use olives from abroad, even when sold in Italy.
The group says this can mislead shoppers about the oil’s origin and harm Italy’s food sector.
Consumers are advised to check the olives’ origin, rather than relying on price alone.
Retail olive oil prices in Italy are 26.4% below their peak in June 2024, according to Assoutenti’s analysis of Istat data.
In September, prices were down an average of 7% year on year.
Assoutenti says consumers face a growing risk of buying oil made with foreign olives.
The price surge in 2024 followed poor harvests linked to extreme drought and unusually hot weather during olive flowering.
Assoutenti urges shoppers to check the origin of the raw material rather than relying only on price.
- Who
- Assoutenti reported the price figures and warned consumers about product origins.
- What
- Retail olive oil prices in Italy are 26.4% below their June 2024 peak.
- When
- The latest figures cited are for September; the comparison peak was in June 2024.
- Where
- Italy.
- Why
- The 2024 price surge followed reduced harvests linked to extreme drought and unusually hot weather during olive flowering. The reason for the latest price decline is not stated.
This story does not have two clearly opposing sides.
Olive oil prices in Italy reached their peak, according to Istat data cited by Assoutenti.
Poor harvests linked to extreme drought and unusually hot weather during olive flowering contributed to a historic rise in olive oil prices across the European Union.
Istat data showed an average 7% year-on-year fall in retail olive oil prices in Italy.
- Price change from June 2024 peak
- 26.4% lower
- Year-on-year price change in September
- 7% lower
- 2024 average price in numerous Italian cities
- €10–€12 per litre
- Warning about product origin
- Check the origin of the raw material
What people are saying
Today olive oil prices are recording a steady decline, but at the same time the risk for consumers of encountering a product that is not Italian is growing.
It is important that, when buying, citizens carefully check the origin of the raw material, and do not use price alone as a guide for their choices.