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Spain’s Supermarkets Slash Olive Oil Prices to 2020 Levels

Origin costs have fallen below €3.6 per kilo after a robust 2025 harvest coupled with VAT cuts.

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Overview

  • Alcampo’s OliNostrum extra virgin olive oil is on promotion at €17.95 for a 5-liter container, equating to €3.59 per liter until June 30.
  • Official origin prices for extra virgin olive oil ranged between €3.28 and €3.61 per kilo as of mid-June, according to Poolred, Oleísta and Infaoliva.
  • Eroski, Carrefour, Mercadona and El Corte Inglés are offering AOVE at shelf prices from €4.05 to €4.79 per liter.
  • A strong 2025 harvest and the Spanish government’s July 2024 VAT reduction to 4% have driven year-on-year declines in olive oil costs.
  • Despite the recent drop, current retail prices remain well above the €1.80 per liter levels recorded in August 2020.