THIS WEEK
Spanish EVOO (Jaén) fell 8.6% wk/wk to €3.438/kg — the sharpest drop across origins this week. Greek Virgin (Crete) slid 6.9% wk/wk to €2.700/kg, while Spanish Lampante lost 5.1% to €2.986/kg. Italian EVOO (Puglia) remains the premium at €4.662/kg despite a 1.3% wk/wk decline; the Italy-Spain EVOO spread is now €1.224/kg. Portugal EVOO held near-flat at €3.450/kg.
WEATHER
Tunisia's key groves (Sfax ~25.5°C, Zaghouan ~24.3°C) recorded zero rainfall this week — very dry conditions ahead of the typical mid-November harvest window. Jaén received modest rain (9mm); Puglia stayed dry (1mm); Crete saw cooler temps (~10°C) with 27mm of rain.
NEWS & DRIVERS
Spain's projected 23% production increase to 1.6 million tonnes for 2026/27 is the dominant bearish signal, aligning with this week's steep price declines across Spanish grades. Separately, Tunisia's export volumes are at record highs, though bulk continues to dominate the mix — a structural factor for trade professionals tracking value-added opportunities.
TUNISIA & OUTLOOK
The last measured Tunisian EVOO export price was €3.489/kg on 29 September — no updated reading is available this week. With Spanish EVOO now at €3.438/kg and falling under supply-side pressure, the Tunisian-Spanish EVOO spread has narrowed; bulk buyers should watch whether the next Sfax reading reflects similar softening or holds, as this spread will drive near-term origin arbitrage decisions.