The first official price for olive oil from the 2025–2026 harvest has been announced, with the Agricultural Cooperative of Agioi Apostoloi setting the benchmark at €7.85 per kilogram. The valuation stems from the sale of the season’s first batches of Athinolia variety extra virgin olive oil following the cooperative’s open auction on Saturday, October 4, 2025, according to powergame.gr.
Early Auction Sets the Tone
The auction marked the first official transaction of the new harvest, with two storage tanks of extra virgin olive oil sold at the record-setting price. This initial benchmark is expected to guide the broader market as harvesting progresses across Greece and southern Europe.
Climate and European Supply Pressures
As noted by Myron Chiletzakis, president of the small ETHEASA cooperatives, olive oil prices are heavily influenced by European production levels. Countries like Spain, traditionally the continent’s largest producer, are once again facing reduced yields due to drought and extreme weather, driving prices upward across Europe.
“Climate change continues to impact the olive sector, and this year’s harvest is smaller than last year’s,” Chiletzakis said, adding that limited production is expected to maintain pressure on supply and pricing.
Producer and Retail Price Outlook
For producers, fresh conventional olive oil prices are forecasted to range between €5.00 and €5.50 per kilogram, depending on weather patterns and rainfall during the remainder of the season.
However, the gap between producer and retail prices remains significant.
In 2022–2023, producer prices averaged €5, while retail prices reached up to €14 per liter.
The disparity is largely due to intermediary and packaging costs, as fresh oil rarely reaches consumers directly.
For the upcoming season, retail prices are expected to remain below €10 per kilogram, provided stable production and distribution conditions.
The newly announced olive oil price reflects both international market trends and the climatic challenges confronting the Mediterranean’s olive sector. With reduced production and high demand, experts anticipate that olive oil will remain a premium commodity well into 2026.
Bill Giannopoulos
Junior Editor
Bill Gee is a journalist covering geopolitics, defence and Hellenic diaspora news.
Dining and Cooking