Spain posted new olive oil prices on October 1, 2026. The latest rates for extra virgin, virgin and lampante oils come as climate swings threaten harvests and rising costs add uncertainty for the sector.
Infaoliva lists extra virgin at 3.3 €/kg, virgin at 3.15 €/kg and lampante at 3.1 €/kg. The Junta de Andalucía’s figures are slightly higher: 3.33 €/kg for extra virgin, 3.28 €/kg for virgin and 3.18 €/kg for lampante. Almazaras Federadas de Córdoba has yet to release new prices. These rates help set the pace for an industry that anchors Spain’s farm economy and shapes what the world pays for olive oil.
The Junta de Andalucía’s official forecast puts regional olive oil production at 1,261,200 tons for the 2026/27 campaign, making Andalucía the basic driver of Spain’s national supply.
Spain leads the world in olive oil production. The country produces 70% of the EU’s supply and 45% of the global total. More than half is shipped abroad to over 150 countries. Olive oil is Spain’s third-biggest agri-food export. It keeps the trade balance positive and supports rural towns.
Behind these figures is a vast network. Spain has 2.75 million hectares of olive groves, of which 2.55 million are used for oil. The groves stretch across 15 of the country’s 17 autonomous communities. Andalucía is the largest producer, with 1.67 million hectares. Jaén alone makes about 37% of Spain’s oil. The sector supports over 350,000 farmers, creates 15,000 industrial jobs and generates more than 32 million workdays each campaign. In many towns, olive oil anchors the local economy, while cooperatives help hold communities together.
But the outlook remains uncertain. The 2025 season brought drought and heavy rain, and yields fell. Producers felt the impact. Experts cited by Olive Oil Times expect the 2025/2026 campaign to shrink. The six top-producing countries, Greece, Italy, Portugal, Spain, Tunisia and Turkey, are forecast to make 2.65 million metric tons, down from 2.94 million last year. If the weather holds, that could still exceed the five-year average of 2.41 million tons. The International Olive Council (COI) puts global production for 2025/26 at about 3.3 million tons, with Spain set to deliver around 1.3 million. The COI warns that summer heat and drought could alter the outlook.
Officials are preparing a response. The Ministry of Agriculture, Fisheries and Food (MAPA) has drafted a rule allowing authorities to withdraw olive oil from the market if a bumper crop threatens to push prices below production costs. The measure would take effect only if forecasts and market risks are confirmed; the final order is still pending. Groups including COAG, UPA and Asaja say the 2026/27 forecast looks realistic, but stress that actual output depends on October rain. They also estimate end-of-season stocks for 2025/26 at about 370,000 tons.
Independent market reviews at the end of September 2026 suggest prices could fall to the 3.0-3.5 euro per liter range if the harvest is favorable, easing from the record highs seen in 2024, information from Spanish industry commentary.
Olive oil’s reach extends beyond the economy. Integrated production covers 477,606 hectares, 57% of Spain’s total for this method, while another 217,864 hectares are certified organic. The sector shapes the land and the workforce, as well as daily life for millions. Climate swings and a volatile global market are testing its ability to recover across the supply chain.
Spain’s farmers know upheaval. The recent surge in Chinese plug-in hybrid car sales shows how quickly outside forces can shake up established industries. In olive oil, price swings and poor harvests affect rural families and export markets.
The next harvest remains uncertain, and new rules could change the market. The latest prices reflect the sector’s importance to Spain’s economy and its exposure to climate and market shocks.
