Overview

• Extra virgin olive oil prices in Spanish supermarkets have fallen below €5 per liter, with standout deals as low as €3.79/L for Carrefour's La Masía brand under its 'Super Precio' promotion.
• Origin prices for olive oil have stabilized at approximately €3.73 per kilogram, reflecting improved production conditions following the 2024 drought.
• The Spanish government, after cutting VAT to 0% in July 2024, currently maintains a reduced VAT rate of 4% to support affordability.
• Major supermarket chains, including Mercadona, Carrefour, and Alcampo, are competing aggressively with discounts, offering five-liter garrafas between €4.36 and €4.99 per liter.
• Industry observatories such as Poolred and Oleísta continue to monitor and report weekly price trends, ensuring transparency for stakeholders and consumers.