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Ismea–Unaprol first Italian production estimate 2026/27

ItalyCrop estimateMedium
Why it matters

An Italian estimate below 250 kt redirects Italian blending demand towards Spanish bulk, supportive at origin. Above 300 kt, Italian oil competes with Spanish exports instead.

Conditional if confirmed · the desk's reading

Ismea and Unaprol present the first official estimate of the Italian crop at the opening of the campaign. The 2024/25 estimate (224 kt, −32%) was presented on 27 September; the 2025/26 recovery to roughly 300 kt (+30%) was flagged in the same window a year later. The date below follows that late-September cadence and has not been announced.

Italy matters to the Spanish price twice over: it is the second-largest producer and the largest buyer of Spanish bulk oil. A short Italian crop pulls Spanish bulk north across the Mediterranean and tightens the balance at origin; a full one leaves Spanish sellers competing with Puglia in every export market.

Date
2026-09-28 · Estimated date, inferred from the publication's usual cadence
Category
Crop estimate
Previous
≈300 kt estimated for 2025/26 (+30%)
Expected
First official 2026/27 estimate

Source: Ismea / Unaprol, campaign-opening production estimate · Checked 2026-08-11