Olive oil: The people of Messinia did not accept prices below 5.10 euros in Italy and Spain

The Kalamata Agricultural Olive Cooperative did not sell 25 tons of their PDO olive oil due to potential buyers not meeting the cooperative's minimum price of 5.10 euros per kilo. This decision is seen as a way to increase the income of the producers, while Spanish producers continue to sell at lower prices. In contrast, Italian olive oil prices remain high, with extra virgin olive oil priced at 9.10 euros per kilo in some regions. Italian olive oil stocks also increased to 157,472 tons at the end of February 2025, with a decrease in domestically produced olive oil of 37.7% compared to the same month in 2024, but an increase in imported EU olive oils by 31.2%.

There was no commercial agreement for the sale of olive oil from the Kalamata Agricultural Olive Cooperative (AEP). Mr. Michalis Antonopoulos, president of the Kalamata Agricultural Olive Cooperative (AEP), emphasizes to AgroTypos that “the prospective buyers did not meet the price limit set by the cooperative. The tender for the sale of Kalamata PDO olive oil, quantity 25 tons and acidity 0.27, harvest 2024-2025, with zero residues and no trace of pesticides, had a starting price of 5.10 euros”. We remind you that the members of the cooperative decided not to sell at a price below 5.10 euros per kilo because it would not provide them with income. However, this decision boosts the morale of olive oil producers, who have been seeing their production sold at very low prices in relation to cost for the entire period. On the other hand, the Spanish continue to sell at low prices because production costs there are reduced and they can earn an income. According to recent data from ...