Business · Energy & Commodities · 8 hrs ago
Olive oil prices fall to €4 a kilo, raising concern for growers
Olive oil prices have fallen to €4–€4.20 a kilo, down from €9.20 in November 2025.
The decline is hitting Italian growers, who say current prices do not cover the cost of running their farms, including higher energy bills.
Prices fell as stocks recovered after two seasons of production shortages.
Spain’s first estimate for the 2026/27 harvest points to 1.6 million tonnes, 29% more than the previous season.
Unapol president Tommaso Loiodice says producers need at least €7 a kilo to cover costs.
He wants the law against selling goods below cost to be applied, although there are not yet legal benchmarks for setting a fair price for producers.
The new harvest season is expected to be economically difficult for growers.
Olive oil prices have fallen to €4–€4.20 a kilo, down from €9.20 in November 2025.
The decline is putting pressure on farmers who are struggling to cover business costs, including higher energy costs.
Unapol president Tommaso Loiodice says prices need to be at least €7 a kilo to cover production costs.
Replenished stocks after two low-production seasons have helped push prices down.
Early estimates put Spain’s 2026/27 olive oil production at 1.6 million tonnes, 29% above the previous season.
- Who
- Olive oil growers are affected. Unapol president Tommaso Loiodice has warned of a crisis.
- What
- Olive oil prices have fallen to €4–€4.20 a kilo, raising concern about growers’ ability to cover costs.
- When
- The article was published on 18 October 2026. It says prices were €9.20 a kilo in November 2025.
- Where
- Not stated
- Why
- Replenished stocks after two seasons of production deficits have contributed to the decline. Higher energy costs are also adding pressure on growers.
This story does not have two clearly opposing sides.
The premium for Italian oil over community oil was more than €5,300 per tonne.
Olive oil prices were quoted at €9.20 a kilo.
The premium for Italian oil over community oil had fallen to just over €900 per tonne.
The article reported prices of €4–€4.20 a kilo and warned of pressure on growers.
- Current price
- €4–€4.20 a kilo
- Price in November 2025
- €9.20 a kilo
- Price needed to cover production costs, according to Unapol
- At least €7 a kilo
- Spanish production estimate for 2026/27
- 1.6 million tonnes, 29% above the previous season
- Italian oil price decline
- 47% over the previous year
What people are saying
The sector is going through a moment of deep crisis.
To at least cover production costs, the price of oil should not fall below 7 euros a kilo.
The fear is that we could go from raising the alarm to despair.