Greek Olive Oil Hits Market at €7.85 per Kilogram: First Batch Available

Greek Olive Oil Season Opens With Lower Prices, Uncertain Outlook

October 9, 2025

The 2025-26 olive oil season in Greece has commenced with the initial sales of extra virgin olive oil at 7.85 euros per kilogram, marking a decrease from the prior year’s starting price of 10.20 euros per kilogram. This initial transaction, involving approximately 22 tonnes and conducted by the Agricultural Cooperative for the Agio Apostolo olive oil in Laconia, saw a Greek processing company as the buyer.

Early Sales Signal Market Shift

The Agio Apostolo cooperative, recognized as a leader in both harvesting and sales, began its harvest at the close of september. Panayotis basqueis, the cooperative’s chairman, has stressed the necessity of maintaining production prices above 7 euros per kilogram to sustain profitability for cultivators. He warned that dwindling prices threaten farmer’s ability to cover the essential costs of production.

Last year, the cooperative sold 51 tonnes to an Italian firm at 10.20 euros per kilogram, while the first transaction during the 2023-24 season involved one tank sold for 9.25 euros per kilogram. This demonstrates a clear downward trend in initial sale prices.

Production Forecasts and Quality Concerns

Current projections for the season remain ambiguous. The anticipated output quality, notably influenced by recent infestations of the olive fly, will substantially impact pricing structures. Greece’s primary olive variety, Coronei, is projected to yield between 250,000 and 270,000 tonnes nationally.

Global Production Comparison

In contrast, Spain anticipates a substantial yield of 1.3 to 1.4 million tonnes, while Italy forecasts approximately 300,000 tonnes. The International olive Council (IOC) reports continued strong global demand, particularly from the United States, but pressures are mounting on producer prices in both Greece and Spain.

Country	Estimated Production (Tonnes)	Price per 100kg (July 2025)	Year-Over-Year Change
Greece (Cana)	250,000-270,000	€380	-41%
Spain (Haen)	1.3-1.4 million	€386.70	-46%
italy (Bari)	300,000	€970	+19%

Specifically, prices in Cana, Greece, declined to 380 euros per 100 kg in July, a 41% reduction from 2024 levels. Spain’s Haen region experienced a 46% drop to 386.70 euros per 100 kg, while Bari, Italy, saw a 19% increase to €970 per 100 kg.

The initial auction provides preliminary insights into the season’s direction. However, definitive prices and market trends will become clearer as the harvest expands across all major olive production regions in Greece.

Understanding Olive Oil Pricing

Olive oil pricing is a complex interplay of factors, including weather patterns, pest infestations, production yields, and global demand. Did You Know? The quality of the olives – determined by factors like acidity and polyphenol content – directly impacts the oil’s grade and subsequent market value.

Fluctuations in currency exchange rates and transportation costs also play a role in final consumer prices. Pro Tip: Look for certifications like PDO (Protected Designation of Origin) or PGI (Protected Geographical Indication) to ensure authenticity and quality.

Global olive oil consumption has been steadily increasing over the past two decades, driven by growing awareness of its health benefits as part of a Mediterranean diet. International Olive Council provides reliable data on production and consumption trends.

Frequently asked Questions About Olive Oil Prices

• What factors influence olive oil prices? The price of olive oil is affected by harvest yields, weather conditions, pest control, global demand, and production costs.
• How does the olive fly impact olive oil production? Olive fly infestations can significantly reduce olive quality, leading to lower oil yields and increased production costs.
• Is olive oil production profitable for Greek farmers? Maintaining a price above 7 euros per kilogram is crucial for ensuring the profitability of olive cultivation in Greece.
• What is the role of the International Olive Council (IOC)? The IOC monitors global olive oil production, consumption, and trade, providing valuable data and analysis to the industry.
• Why are prices different in Greece,Spain,and Italy? Price variations are influenced by local production costs,harvest quality,supply and demand dynamics,and regional market conditions.

what are your thoughts on the current trend in olive oil prices? Do you anticipate these lower prices will be passed on to consumers?

Share your opinions and insights in the comments below!

What factors are contributing to the €7.85 per kilogram price of Greek olive oil?

Current Market Price & Availability

As of today, October 9th, 2025, the first batch of freshly harvested Greek olive oil is hitting the market at a price of €7.85 per kilogram. This represents a meaningful point for both consumers and producers, marking the start of the new olive oil season. The initial offering focuses on early harvest extra virgin olive oil,known for its superior quality and distinct flavor profile. Availability is currently concentrated in regional markets across Greece, with increasing distribution expected throughout Europe and internationally in the coming weeks.

This price point reflects a complex interplay of factors, including harvest yields, production costs, and global demand for high-quality Greek olive oil. Consumers looking for authentic extra virgin olive oil should act quickly,as early harvest quantities are limited.

Understanding the Price: Factors at Play

Several key elements contribute to the current price of €7.85/kg for Greek olive oil:

* Harvest conditions: The 2025 harvest experienced [mention specific weather conditions if known – e.g., moderate rainfall, favorable temperatures], impacting overall yield. Lower yields generally translate to higher prices.

* Production Costs: Rising costs of labor, fertilizer, and packaging materials are impacting olive oil production across the Mediterranean.

* Olive Variety: Different olive varieties (Koroneiki, Kalamata, etc.) command different prices based on their oil content and flavor characteristics. Early harvest oils, often from Koroneiki olives, are typically more expensive.

* Quality & Certification: Extra virgin olive oil with Protected Designation of origin (PDO) or Protected Geographical Indication (PGI) certifications often carries a premium due to stringent quality controls.

* Global Demand: Increasing global awareness of the health benefits of olive oil and its culinary versatility continues to drive demand, influencing prices.

Regional Variations & Where to Buy

While the average price is €7.85/kg, regional variations exist.

* Crete: Known for its robust olive oil production, Crete currently offers some of the most competitive prices.

* Peloponnese: The Peloponnese region, particularly Messinia, is another key production area with readily available olive oil.

* Northern Greece: Regions like Halkidiki are known for their unique olive varieties and premium oils.

Where to purchase:

1. Directly from Producers: Many Greek olive oil producers offer direct sales through their websites or at local farmers’ markets.
2. Specialty Food Stores: Look for reputable specialty food stores that import directly from Greece.
3. Online Retailers: Several online retailers specialize in Greek products, offering a convenient way to purchase olive oil.(Ensure they are reputable and provide detailed product details).
4. Greek supermarkets: Larger supermarket chains in Greece will stock the new harvest olive oil.

Health Benefits of Greek Olive Oil

Extra virgin olive oil is a cornerstone of the Mediterranean diet, renowned for its numerous health benefits.

* Heart Health: Rich in monounsaturated fats, it helps lower LDL (bad) cholesterol levels.

* Anti-Inflammatory Properties: Oleocanthal, a compound found in extra virgin olive oil, possesses anti-inflammatory effects.

* Antioxidant Rich: Packed with antioxidants that protect against cell damage.

* Brain Health: Studies suggest a link between olive oil consumption and improved cognitive function.

* Cancer Prevention: Some research indicates that olive oil may play a role in reducing the risk of certain cancers.

Choosing the Right Olive Oil: A Buyer’s Guide

Navigating the world of olive oil can be confusing. Here’s what to look for:

* extra Virgin: This is the highest grade, indicating minimal processing and superior quality.

* PDO/PGI Certification: These certifications guarantee the oil’s origin and adherence to specific production standards.

* Harvest Date: Opt for oils with a recent harvest date (ideally within the last 12 months) for optimal flavor and freshness.

* Dark Glass Bottle: Olive oil is sensitive to light and should be stored in a dark glass bottle.

* Taste & Aroma: High-quality olive oil should have a fruity aroma and a peppery finish.

Storage Tips for Optimal Freshness

Proper storage is crucial to maintain the quality of your Greek olive oil:

* Store in a cool, dark place away from direct sunlight and heat.

* Keep the bottle tightly sealed to prevent oxidation.

* Avoid storing near strong-smelling foods, as olive oil can absorb odors.

* Optimal storage temperature is between 14-18°C (57-64°F).

recent Developments in Greek Olive Oil Production (2024-2025)

In 2024, Greece saw increased investment in modernizing olive oil production facilities, focusing on sustainable practices and improved quality control. This has led to a greater emphasis on traceability and transparency throughout the supply chain. furthermore, several cooperatives have begun utilizing innovative technologies, such as AI-powered sorting systems, to ensure