Spain's olive oil market sees strong sales amid heat‑linked crop concerns

The Spanish olive‑oil sector is maintaining a brisk commercialisation pace in the 2025/26 campaign. ASAJA Córdoba reports that June sales reached about 120,720 tonnes, bringing the total marketed volume for the first nine months to roughly 1.107 million tonnes. Overall national production is estimated at 1.298 million tonnes, while stocks have fallen to 683,000 tonnes, down 95,000 tonnes from the previous month. The organisation warns that record‑high temperatures in recent weeks are causing water stress in dry‑farmed olives in the Córdoba countryside, which could affect the upcoming harvest.

Data from the Agency of Information and Food Control (AICA) show that 82 % of the season’s oil – about 1.07 million tonnes – has already been sold. Despite the high sales volume, farmgate prices remain low at around €3.5 per kilogram, well below the €5 per kilogram profitability threshold cited by growers. Industry groups attribute this to speculative inventory practices and increased imports from third‑country producers, which may push retail prices higher as remaining stocks become tighter. Growers have reportedly lost more than €1.2 billion since October 2025, prompting calls for price reforms.