[REVISION HISTORY]
Greek olive oil production and prices continue to decline
4 recorded revisions of this situation.
What changed
2026-10-11 17:19 UTC → 2026-10-12 10:53 UTC ·
added
removed
Greek olive oil producers continue to face significant market shifts and declining yields. While the 2026/27 season opened with a primary sale in Laconia at 5.95 euros per kilogram—a 24% decrease from the 2025/26 season—recent data indicates that Greek extra virgin olive oil prices have settled lower, at approximately 3.58 euros per kilogram. Production in Greece is facing a sharp downturn, with estimates suggesting a 20% drop compared to the 2024/25 period, potentially reaching 231,000 tons. This follows a period The impact is particularly severe in Crete, where producers production is estimated to fall to just 38,000 tons for the 2025/26 period, a significant decrease from the 132,000 tons produced in Laconia and Messenia struggled 2022/23. Regional declines in Crete are substantial, with low extraction rates of 6% to 11% due Lasithi seeing an 81% drop and Heraklion a 74% decrease, largely attributed to adverse weather. climate change and environmental pressures. On a broader scale, European Commission data shows global production for the 2025/26 season fell by 5% to approximately 3.429 million tons, though this remains 11% above the five-year average. Beyond volume losses, the sector faces challenges regarding market integrity, specifically concerns over illegal ‘Greek-labeling’ practices and competition from third-country imports. High costs for labor, fertilizer, and energy persist, while the decline in olive production is beginning to affect secondary industries, such as energy production that relies on olive pomace and residues. To mitigate quality issues during the upcoming harvest, issues, experts are advising producers continue to closely monitor advise monitoring the ‘invaiatura’ stage—the transition of olives from green to purple—to optimize aroma stage and phenolic compounds. Additionally, the use of using perforated crates during transport is being recommended to prevent spoilage from heat exposure. These production challenges persist alongside high costs for labor, fertilizer, and energy, maintaining pressure on a sector facing a fourth consecutive difficult year. spoilage.
Versions
- 2026-10-12 10:53 UTC Greek olive oil production and prices continue to decline
- 2026-10-11 17:19 UTC Greek olive oil production and prices continue to decline
- 2026-10-07 12:17 UTC Greek olive oil market price and yield declines
- 2026-10-05 10:18 UTC Greek olive oil market price fluctuations
- 2026-09-16 07:15 UTC Greek olive oil market price fluctuations
Select a version to see what changed compared to the one before it.