As of early August 2026, wholesale extra virgin olive oil prices across the Mediterranean’s major producers show a narrower spread than the market saw during the price spikes of recent years.
The current snapshot
Spanish EVOO was priced at roughly €3.45 per kilogram, the lowest among the four major producers tracked. Tunisia followed at €3.71/kg, Greece at €3.77/kg, and Portugal at the top of the range at €3.95/kg.
What’s behind the moderation
Favorable rainfall across Spain over the growing season boosted overall Mediterranean supply, helping ease prices down from their record peaks of recent years. Global production for the 2025/26 season is estimated at around 3.4 million tonnes — a slight decline from the previous season, but still comfortably above the low points of 2023/24, which is reflected in the more moderate pricing now visible across origin markets.
FAQ
Why is Tunisian oil priced between Spain and Greece? Tunisia’s competitive production costs and record 2025/26 volumes support pricing below Greece and Portugal, while still reflecting genuine extra virgin quality rather than being a discount, lower-grade alternative.
Are these prices expected to hold through the rest of 2026? Prices will depend heavily on how the 2026/27 fruit set develops over the coming weeks — a strong set would likely keep prices stable or easing further; a poor one would tighten supply again.
Source: Mediterrolio, Oleista