Andalusian extra virgin has lost 0.51€/kg since September, ahead of a Spanish harvest forecast at about 1.6 million tonnes.
Extra virgin olive oil at Andalusian mills averaged 3.03€/kg for 26 October–1 November, down from 3.54€/kg for 7–13 September in the Junta de Andalucía's price series. The decline was about 14% in seven weeks.
Spain's agriculture ministry forecasts about 1.6 million tonnes of production for 2026/27, 23% above the preceding campaign, with 357,000 tonnes in opening stocks. Together, forecast output and carry-in amount to about 1.96 million tonnes, before imports.
The marketing order published on 30 October provides a framework for retaining part of the crop in storage. A separate resolution sets the withdrawal percentage and start date, with Article 9 setting a deadline of 15 November.
What happened this week
A stronger summer for bottled oil
ANIERAC members shipped 13% more olive oil in July–September than in April–June: 72.6 million litres against 64.3 million, according to figures reported by Olimerca on 3 November. Extra virgin led the increase, rising to 34 million litres from 28.7 million.
The summer improvement left the October 2025–September 2026 campaign total at 281.1 million litres, down 6.2% from a year earlier.
The shipment figures show a busier bottling trade before the harvest. The subsequent fall at the mill lowers the cost of replacing oil. OliveTerm's Premium analysis examines the gap between cheaper replenishment oil and stocks still carrying their original purchase cost.
Dcoop and Acesur sign for Deoleo's operating business
Deoleo's binding sale agreement with Dcoop and Acesur, announced on 5 November, puts an enterprise value of 520M€ on its operating business. It covers a controlling stake in Deoleo Holding, the owner of Carbonell and Bertolli.
Dcoop is a group of agricultural cooperatives based in Antequera. Its partner Acesur already owns La Española and Coosur. The combination would give Dcoop's grower cooperatives a further route into international branded distribution, alongside their existing production and marketing operations.
Completion still depends on shareholder approval, regulatory clearances and a Bertolli licensing condition. Deoleo estimates six to eight months for the regulatory process.