After the peak of 11.50 euros per bottle a year ago, the second best campaign ever to soften the scenario.
The price of oil reached a peak between 2023 and 2024. According to DECO Proteste data, a year ago (in April) a bottle of 0.75 liters of extra virgin olive oil cost 11,50 euros – Although there were bottles with the same amount reaching the.
The main factor was the production breaksdue to drought; which later became noticeable in supermarkets and grocery stores.
However, already in the final phase of last year, that the price of olive oil would to descend to half in 2025.
In Portugal it did not fall to half, but almost. The data highlighted by the show that such 11.50 euros from a year ago went to 6,79 euros last month. That is, in a year the 0.75 liters of extra virgin olive oil was practically 5 cheaper euros.
This is because the olive oil production campaign in 2024/2025 should be the Monday best ever In Portugal, according to the National Institute of Statistics (INE).
A production has already risen 10% And it should still continue to increase. There are now 1.9 million hectoliters (177 thousand tons), numbers that are only behind the campaign of 2021/2022 (which reached 2.2 million hectoliters).
Natural consequence: Production increases, offer rises, low price.
And the next campaign, 2025/26, should be equally Positive: The olive groves got very good flowering after the last rains.
On the other hand, there is more and more olive oil gourmet – that reaches 140 euros per liter.
