Spanish extra-virgin olive oil prices fall as Andalusia’s 2025/26 season nears close
Andalusian extra-virgin olive oil fell to an average farmgate price of €3.42 per kilogram in week 36, while reported sales by participating entities declined to 1,040 tonnes. Limited stocks of top-quality oil and sparse trading are shaping the market ahead of the new season.
Farmgate prices weaken in the final weeks
Spanish extra-virgin olive oil prices continued to decline as Andalusia approached the end of the 2025/26 marketing season. Data from the Price and Market Observatory of the regional Ministry of Agriculture, Fisheries, Water and Rural Development, reported by ABC de Sevilla, showed simultaneous weekly falls for the extra-virgin and virgin categories.
During week 36, covering 31 August to 6 September 2026, the average farmgate price of extra-virgin olive oil dropped to €3.42 per kilogram from €3.70 per kilogram in week 35. The movement represented a decrease of almost €280 per tonne. Virgin olive oil fell to €3.25 per kilogram, while lampante oil moved in the opposite direction and rose slightly from €3.17 per kilogram.
Trading volumes contract as quality stocks run low
The participating entities marketed 1,040 tonnes during the week, down from 1,466 tonnes in the preceding period. That was a reduction of 426 tonnes, or about 29%, underlining the limited number of transactions as the season draws to a close.
ABC de Sevilla linked the sparse activity partly to low availability of excellent-quality oil only weeks before the official start of the new season. Farmgate transactions were concentrated in Córdoba, Granada, Huelva, Jaén and Sevilla. The combination of lower benchmark prices and restricted premium stocks suggests that current quotations are being established in a relatively thin market rather than through broad-based selling.
Poolred presents a different market snapshot
Separate Poolred data obtained by Asaja Jaén covered 1-7 September and recorded 54 transactions involving 3,432 tonnes. The source text reported prices of €3.50 per tonne for extra-virgin oil and €3.14 for both virgin and lampante oil. These units differ from the per-kilogram convention used elsewhere in the same report, so the Poolred figures should be read as published rather than treated as directly comparable with the observatory’s quotations.
For picual oil in Jaén, the report placed extra-virgin at €3.43 and lampante at €3.19, without restating the unit. It recorded 17 transactions and 914 tonnes sold. Poolred therefore indicates that meaningful volumes were still changing hands, although activity was distributed across a limited number of deals and the reported price basis requires caution.
New crop will determine the next price direction
The late-season decline matters to growers, mills and exporters because it establishes the starting price environment for the incoming crop. Lower farmgate values reduce raw-material costs for packers and can support the competitiveness of Spanish olive oil in external markets. For producers, however, the benefit of clearing remaining stocks must be weighed against weaker revenue per kilogram. With premium-quality availability already limited, the scale and quality of the new harvest will determine whether the current downward movement persists once fresh oil reaches the market.
