New Olive Oil Season 2026/27: What Early Estimates Show About Production and Olive Oil Prices

The new 2026/27 olive oil season is getting underway, and producers are already turning their attention to this year’s production outlook, olive oil prices, and the rising cost of harvesting.

Early estimates point to the prospect of a strong Greek production season, while the market is entering the new period with prices lower than those recorded at the same time last year.

Early Estimates for Greek Olive Oil Production

According to recent market estimates, Greek olive oil production for the 2026/27 season could approach 300,000 tonnes, with encouraging signs coming from major olive-producing regions such as the Peloponnese and Crete. agrocapital.gr

Naturally, final production volumes will depend on the condition of the fruit, weather conditions over the coming weeks, and the yields recorded during olive oil extraction.

How Olive Oil Prices Are Starting the Season

The outlook for prices is currently more restrained. In mid-October, reports from the Greek market placed extra virgin olive oil at approximately €3.70–€3.90 per kilogram, compared with around €4.50 per kilogram during the same period last year. agrocapital.gr

Prices, of course, are not uniform. They vary depending on the region, the quality of the olive oil, acidity levels, available supply, and market demand. The European Commission is also monitoring developments in the European olive oil market on a weekly basis, with the latest figures updated on 15 October 2026.

Harvesting Costs Remain a Key Factor

For producers, however, the selling price is only one part of the equation. Labour, fuel, transportation, and overall harvesting costs have a direct impact on the financial outcome of the season.

The start of this year’s harvest finds many producers facing higher expenses, making efficient organisation and productivity in the field even more important. agrocapital.gr

Proper equipment preparation, choosing the right harvesting time, and reducing the amount of labour and working time required can all contribute significantly to keeping costs under control.

A Season That Is Only Just Beginning

The 2026/27 olive oil season is still at an early stage, and the overall picture may change considerably over the coming months.

Production volumes, quality, international supply, and market demand will all play a role in shaping the direction of the market. For Greek olive growers, this year’s season is expected to be particularly important, both in terms of production prospects and the challenge of managing rising costs.