Between November 4, 2024 and October 6, 2025, the price of a litre of virgin olive oil went from 7.98 euros to 5.07 euros, thus showing a drop of more than 36%.
The downward trend in olive oil prices had a lull between February and March 2025, when the price per litre fell from €6.60 to €6.66.
Since then, and until April 21st, it registered its biggest drop, reaching 5.59 euros, but in May it exceeded six euros again.
From June 16th onwards, the price of olive oil has been steadily declining, reaching a minimum of 5.07 euros during this period.
Casa do Azeite does not anticipate “significant changes” in prices for 2026, after a year that should be marked by a “mediocre campaign”.
“[…] There may be price corrections, but we believe they are not very significant changes,” said the Secretary-General of Casa do Azeite, Mariana Matos, in response to Lusa.
Between January and October, olive oil sales in the domestic market grew by 30% compared to the same period last year, driven by a drop in price.
However, these sales are still 8% below the average recorded between 2021 and 2023, according to data from companies associated with Casa do Azeite.
In turn, up to September, exports increased by approximately 12.6% in quantity, while in value they fell by 33%.
The Secretary-General of Casa do Azeite also considered that, in terms of quantity, this year’s olive harvest will be “average,” potentially falling 20% below the production of the previous harvest.
Active since 1976, Casa do Azeite is a private law employers’ association comprising approximately 40 companies, representing roughly 85% of all branded olive oil packaged in Portugal.
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