Overview

• Retail prices for extra virgin olive oil in Spain have dropped to between €4.19 and €4.98 per liter in late April 2025, with promotions on 5-liter containers.
• Origin prices for olive oil have steadily declined, averaging €3.75 per kilogram as of April 25, 2025, according to Poolred data.
• The Spanish government reduced VAT on olive oil from 10% to 0% in July 2024 and currently applies a 4% rate to support affordability.
• Five major origin-price monitoring entities confirm a continued downward trend in olive oil prices, though some data reflect reporting delays of up to three weeks.
• Despite recent declines, current origin prices remain significantly higher than the €1.8/kg lows of 2020 but are far below the nearly €9/kg peak of early 2024.