by Francesca Gambin and Roberta Ruggieri
AIPO Economic Office
Il extra virgin olive oil market if it maintains stable, with fixed price lists e high availability along the supply chain. The latest findings do not indicate any changes in the main Italian squares, while There are movements that need to be monitored in the Mediterranean area Between consolidated production, price realignments, and favorable climate conditions in some countries, the following analysis offers an updated picture of national and international dynamics.
La national weighted average, between stocks and market prices, places the wholesale price of extra virgin olive oil around 7,70 euros/kg ex works. In the production areas of the Southern Bari, Andria and Bitonto continue to express values between 6,50 and 6,70 euros/kg, confirming a market free from oscillations.
The only segment that shows a slight movement is that of thelamp oil, supported by a more dynamic industrial demand than that of extra virgin.
On the availability front, as recalled by OlivoNews, the Italian production system records a good level of extra virgin olive oil stocks in storage, exceed 153 thousand tons, while the total number of olive oils present on the national territory exceeds 300 thousand tons.
An a significant part of these availability consists of products of foreign origin, up compared to last year, a factor that reflects the convenience for the packaging industry of turning to the Spanish and Tunisian markets.
The geographical distribution of stocks confirms the predominance of Puglia, which holds the largest share of the stocked product. The regions with a strong presence of bottling operators remain Tuscany and Umbria, which maintain levels of availability equal to their processing and marketing capacity.
In terms of certifications, the Terre di Bari DOP continues to represent the denomination with the largest volumes, while the Sicilia IGP has shown a significant increase compared to previous years. Organic oil stands at nearly 50 tons, with a predominance of bulk product.
Internationally, Spain has substantially defined the production of the current campaign, which is placed around 1.300.000 tons, with sales having already reached approximately 60% of production. Tunisia shows a progressive realignment of prices to community standards, supported by the reduction in inventories due to exports.
La Greece keeps lower values than other Mediterranean countries, While the Turkey follows internal dynamics related to logistics costs and to local market conditions, with exports remaining active but subject to fluctuations.
In North Africa, the Morocco The year is currently enjoying favorable conditions after several drought-affected crop years. Rainfall in recent months has improved water availability and created the conditions for a potential increase in production next year, amidst the modernization of the supply chain and expansion of olive-growing areas.
The Algeria, although with lower volumes than the main producing countries, shows a progressive regularity of the campaigns and a consolidation of investments in the management of olive groves and processing plants.
The recent rainfall that has affected many olive-growing areas of the Mediterranean represents a potentially favorable factor for the next campaign, although the climatic variability of recent years requires caution in the assessments.
Overall, the Italian extra virgin olive oil market is positioned in a phase of price stability, with good availability, growing imports, and domestic demand showing no signs of accelerating. International dynamics and weather conditions in the coming months will be crucial in determining the evolution of the situation.
Dining and Cooking