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Key Takeaway
U.K. Extra Virgin Olive Oil prices (CIF) decreased from US$ 8,776/MT in October 2024 to US$ 6,205/MT in September 2026, a decline of 29.3%. The steepest fall came during November–December 2024 (−33.8%). The trend indicates a strong downward movement in the quoted benchmark.
- U.K. extra virgin olive oil prices are influenced by olive harvest volumes, rainfall, drought, heat stress, and production conditions across major Mediterranean origins, particularly Spain, Italy, Greece, and Tunisia. Since olive production can fluctuate significantly between seasons, changes in harvest expectations and carryover stocks may affect prices well before new supplies reach the market. Quality specifications, including free fatty acidity below 1%, influence the availability and value of qualifying oil.
- European consumption, export demand, bottling costs, exchange rates, freight charges, and competition from other edible oils also contribute to price movements. The U.K. landed market is additionally affected by importer inventories and supplier pricing strategies.
About This Dataset
This dataset tracks the U.K. ex-tanker price of extra virgin olive oil with free fatty acidity below 1%, quoted in US dollars per metric ton (ex-tanker/CIF-style bulk market price at UK ports). It helps monitor premium olive-oil pricing and assess market changes associated with harvest conditions, production in major Mediterranean origins, quality, stocks, and consumer demand.
Methodology
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