THIS WEEK
Spain EVOO (Jaén) surged +9.7% wk/wk to €3.762/kg — the standout move across all origins — while Spanish Virgin and Lampante held near-flat at €3.279/kg and €3.145/kg respectively. Portugal and Italy softened: Portuguese EVOO fell 5.5% wk/wk to €3.455/kg, Italian (Puglia) Virgin dropped 5.7% wk/wk to €3.300/kg, and Greek EVOO edged up 0.4% to €3.690/kg. The Jaén EVOO premium over Puglia Lampante widened to €0.87/kg.
WEATHER
Sfax and Zaghouan remain very dry (≤1 mm over 7 days) with temperatures around 24–26°C as fruit development continues ahead of the 2026/27 campaign. Jaén saw modest rain (5 mm); Puglia and Crete received light precipitation (3 mm each), with Crete notably cooler at ~13°C.
NEWS & DRIVERS
Spain's farm union warned that summer heat caused fruit drop and grove damage, underscoring divergence between harvest volume forecasts and ongoing price negotiations — a likely catalyst behind the sharp Jaén EVOO spike. Tunisia's organic olive oil exports reached nearly 600 million dinars in revenue through August, signalling robust demand into the final month of the 2025/26 campaign.
TUNISIA & OUTLOOK
The most recent Sfax EVOO export price, measured 22 September, stood at €3.589/kg — positioned between Greek Cretan EVOO (€3.690/kg) and Portuguese Alentejo EVOO (€3.455/kg). With the Spanish EVOO spike tightening the premium gap and 2026/27 crop uncertainty building across the Mediterranean, buyers contracting bulk or bottled volumes should lock in comparative pricing across multiple origins now before harvest clarity reshapes differentials.