Spanish olive oil mill prices are back at 2021 levels
Average price Spanish mills received for olive oil, late October each year, 2020–2026, € per 100 kg.
Extra virgin olive oil rose from €227.54 per 100 kg in Oct 2020 to €810.14 in Oct 2023, after two drought harvests.
By Oct 2026 it was €323.89, three-fifths below the 2023 peak and 23.5% below a year earlier.
The gap between Oct 2026 and Oct 2021 (€323.75). The 2022–24 price shock has unwound at the mill.
the numbers
| Year | Extra virgin olive oil (€) | Lampante (refining grade) (€) |
|---|---|---|
| 2020 | 228 | 194 |
| 2021 | 324 | 284 |
| 2022 | 471 | 431 |
| 2023 | 810 | 682 |
| 2024 | 722 | 622 |
| 2025 | 424 | 337 |
| 2026 | 324 | 287 |
source notes & method
National average origin (producer) prices in Spain, week 43 of each year (around 19–27 October), excluding VAT. 2020–2021 values from the week 43/2024 bulletin; 2022–2026 from the week 43/2026 bulletin. These are bulk prices at the mill, not supermarket shelf prices, which lag. Multiples and percentage changes are derived by progrss. 'Unwound' is a progrss interpretation (mill price back at its Oct 2021 level, still above Oct 2020); the 2020–2021 values were not re-checked against the week 43/2024 bulletin by the fact-checker.
Published 3 Nov 2026
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