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2mo ago

Spanish Olive Oil Prices Drop Below €4/L as Retailers Intensify Promotions

Supermarkets across Spain are offering steep discounts on extra virgin olive oil, following a sharp decline in origin prices to €3.015/kg by mid-May 2025.

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Overview

  • The origin price of extra virgin olive oil in Spain has fallen to €3.015/kg, marking a significant decrease from earlier in May, according to POOLRED data.
  • Retail chains such as Hipercor, Eroski, and Alcampo are offering aggressive discounts, with prices for some products dropping below €4 per liter.
  • Eroski is providing a second bottle of Hojiblanca or Koipe extra virgin olive oil at 70% off, reducing the cost of the second unit to less than €2.50.
  • Hipercor has discounted 5-liter garrafas of Carbonell and Coosur extra virgin olive oil to €24.95 and €24.45 respectively, pricing each liter at under €5.
  • The Spanish government’s reduced VAT rate of 4%, along with favorable weather conditions, continues to support affordability and drive retail price reductions.