Spanish Olive Oil Market Situation (July 2025)

Around mid-August, the Ministry of Agriculture, through its agency AICA, released a report on the Spanish olive oil market for July. The numbers for this month show a strong performance with over 147,000 tons traded (including an estimated 16,000 tons of imports). This figure marks the highest for the season, and is partly attributed to an increase in exports.

Olive Oil Market Data (July 2025):

• Outputs: 131,843 tons plus the 16,000 tons of imports
• Monthly Production: 1,415,326 tons
• Production Stocks: 321,936 tons
• Packer´s Stocks: 187,525 tons
• PCO stocks: 3,952 tons
• Total stocks: 513,413 tons

Despite a slight rebound in farmgate prices over the last two weeks, there has been a significant increase in domestic consumption, which has taken the industry by surprise.

In this context, the stockpile of olive oil held by mills at the end of July amounted to 321,936 tons. Meanwhile, the packers had about 187,525 tons, compared with 196,148 tons at the end of June, indicating that these producers have a considerable buffer to handle potential fluctuations in demand before the new season starts.

Currently, the total accumulated inventory stands at 513,413 tons, an amount that will need to be managed until the beginning of the next season. Nevertheless, it's crucial to keep an eye on what happens in August and September, pivotal months that will influence both selling and buying strategies in the market.

Olive oil prices at the source.

Olive oil prices in supermarkets.

Buying and selling olive oil wholesale (in bulk and bottled).