China – Refined Olive Oil Price: 4900 USD/MT (Q2 2026)
In Q2 2026, Refined Olive Oil Prices in China reached USD 5,490/MT, reflecting market conditions across imported edible oils and domestic distribution channels. Pricing was influenced by international olive oil availability, import costs, freight rates, currency movements, and consumer demand. Premium food applications and retail purchasing also supported market activity.
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United Kingdom Refined Olive Oil Price: 4900 USD/MT (Q2 2026)
Refined olive oil prices in the United Kingdom stood at USD 7,111/MT in Q2 2026, supported by established retail and food-service demand. Market pricing was shaped by import costs, European supply conditions, freight expenses, currency fluctuations, and changing consumer preferences for quality cooking oils and Mediterranean-oriented food products.
France Refined Olive Oil Price: 4900 USD/MT (Q2 2026)
In Q2 2026, refined olive oil prices in France reached USD 6,216/MT, reflecting demand from households, food-service operators, and food manufacturers. Pricing was influenced by European olive oil availability, harvest conditions, import and logistics costs, and consumer demand. Premium culinary applications continued to contribute to overall market activity.
Brazil Refined Olive Oil Price: 4900 USD/MT (Q2 2026)
Refined olive oil prices in Brazil reached USD 7,435/MT during Q2 2026, with import dependence remaining an important pricing factor. International supply conditions, freight charges, currency movements, and domestic distribution costs influenced market values. Growing household consumption and demand from restaurants and food manufacturers also supported procurement across the Brazilian market.
Japan Refined Olive Oil Price: 4900 USD/MT (Q2 2026)
In Q2 2026, refined olive oil prices in Japan stood at USD 7,725/MT, the highest among the listed markets. Prices reflected import costs, international supply conditions, exchange-rate movements, and transportation expenses. Demand from households, restaurants, and food manufacturers, alongside consumer interest in premium edible oils, supported market activity.
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Factors Affecting Refined Olive Oil Supply and Prices
What is Refined Olive Oil?
Refined olive oil is olive oil obtained from virgin olive oils through refining processes that correct undesirable characteristics while maintaining the oil's initial glyceridic structure. According to the International Olive Council (IOC), refined olive oil has free acidity of no more than 0.3 grams per 100 grams, expressed as oleic acid.
Refining is used to reduce undesirable acidity, color, odor, and taste, producing a clearer and more neutral oil. Refined olive oil is also commonly blended with virgin olive oil to create the commercial category generally marketed as “olive oil,” depending on the applicable market regulations.
The product is widely utilized in cooking, food processing, sauces, dressings, bakery products, frying, packaged foods, and food-service applications, where consistent quality, neutral sensory characteristics, and reliable supply are important.
Latest Refined Olive Oil Prices Q2 2026
According to IMARC's Q2 2026 assessment, refined olive oil prices reached the above levels in June 2026. Prices increased across all five markets compared with Q1 2026, reflecting tighter availability, higher procurement costs, import expenses, and steady downstream demand.
Refined Olive Oil Prices in China
In Q2 2026, refined olive oil prices in China reached USD 5,490/MT, compared with USD 4,892/MT in Q1. The increase was associated with tighter availability and higher procurement costs for imported crude and refined grades. Strong demand from food processors and retail channels supported purchasing activity and strengthened market quotations.
Refined Olive Oil Prices in the United Kingdom
Refined olive oil prices in the United Kingdom reached USD 7,111/MT in Q2 2026, rising from USD 6,072/MT in Q1. Import-dependent supply chains faced higher purchasing and logistics expenses, while stable retail demand for premium cooking oils supported market activity. Restricted availability from Mediterranean suppliers also contributed to firmer prices
Refined Olive Oil Prices in France
France recorded refined olive oil prices of USD 6,216/MT in Q2 2026, compared with USD 5,485/MT during Q1. Supply concerns in European olive oil-producing regions increased procurement costs for refiners. Meanwhile, stable domestic consumption, food-processing requirements, and consumer interest in healthier edible oils supported demand and maintained upward pricing pressure.
Refined Olive Oil Prices in Brazil
In Q2 2026, refined olive oil prices in Brazil reached USD 7,435/MT, up from USD 6,496/MT in Q1. Higher import costs and tighter international availability influenced domestic pricing. Demand from households, restaurants, and food-processing companies remained supportive, while Brazil's reliance on external supply exposed buyers to global prices, freight, and currency movements.
Refined Olive Oil Prices in Japan
Japan recorded refined olive oil prices of USD 7,725/MT in Q2 2026, compared with USD 6,710/MT in Q1. The country's dependence on imported olive oil made prices sensitive to overseas supply, freight, and currency movements. Consistent demand from households, restaurants, and food manufacturers further supported purchasing activity during the quarter.
Factors Affecting Refined Olive Oil Supply and Prices
- Olive Harvest Conditions
Olive harvests have a direct influence on the availability and cost of raw olive oil. Weather conditions, drought, rainfall, temperature, pests, and agricultural productivity can substantially affect crop yields and subsequently influence refining costs.
- Availability of Virgin Olive Oil
Since refined olive oil is produced by refining virgin olive oils, the availability and pricing of suitable feedstock are critical. Tight raw-oil availability can raise refinery procurement costs and ultimately increase refined-oil quotations.
- International Trade
Olive oil is traded extensively between producing and consuming regions. Import requirements, tariffs, customs procedures, supplier availability, and international shipping conditions can influence landed costs.
- Freight and Logistics Costs
Transportation represents an important component of the final price in import-dependent markets. Higher ocean freight, insurance, port charges, warehousing, and inland transportation costs can increase refined olive oil prices.
- Currency Movements
Markets that rely heavily on imports are particularly sensitive to exchange-rate fluctuations. Currency depreciation against the US dollar or the currencies of major suppliers can increase procurement costs.
- Consumer Demand
Demand from households, restaurants, food manufacturers, retailers, and food-service operators influences market purchasing patterns. Growing interest in Mediterranean diets and premium edible oils can support consumption.
- Refining Costs
Energy, labor, processing, storage, and packaging costs influence refinery economics. Changes in operating expenses can affect producer margins and selling prices.
- Alternative Edible Oils
Refined olive oil competes with sunflower oil, soybean oil, canola oil, palm oil, and other edible oils. Changes in the relative prices of these alternatives can influence consumer and industrial purchasing decisions.
Refined Olive Oil Supply and Price Index Q2 2026
The refined olive oil price index moved upward across major markets during Q2 2026. Europe experienced upward pressure as constrained availability in producing regions increased raw-oil procurement costs, while retail and food-service demand remained relatively stable.
In Asia Pacific, the index also moved higher as import-dependent markets faced limited supply flexibility and higher procurement costs. China and Japan were particularly sensitive to overseas supply conditions, freight expenses, and international quotations.
The International Olive Council maintains international statistics covering producer, export, and import prices, including refined olive oil, providing an important reference for monitoring global market conditions.
Refined Olive Oil Market News Q2 2026
The global olive oil market showed increased trade activity during the 2025/26 crop year. According to the International Olive Council, olive oil imports across a selection of major markets increased 4.3% between October 2025 and March 2026 compared with the corresponding period of the previous crop year.
Brazil recorded particularly strong import growth. Its olive oil imports increased 40.5% during October 2025–March 2026 compared with the same period of the previous crop year, indicating stronger demand and increased reliance on international supply.
The IOC also reported diverging producer-price developments across major producing markets. In June 2026, extra virgin olive oil prices in Jaén, Spain, were 7.5% higher year-on-year, while prices in Bari, Italy, were 41.8% lower during the cited comparison period.
Refined Olive Oil Price Trend Q2 2026
The Q2 2026 trend was clearly upward across the five IMARC benchmark markets:
The largest sequential increase among the listed markets was recorded in the United Kingdom, while Japan recorded the highest absolute Q2 price at USD 7,725/MT.
Previous Year Refined Olive Oil Price Comparison
IMARC's Q2 2025 benchmarks provide a useful year-on-year comparison:
The comparison shows that all five benchmark markets recorded higher prices in Q2 2026 than in Q2 2025. The strongest percentage increase occurred in China, while Japan recorded the smallest increase among the five markets.
Current Demand for Refined Olive Oil
Current demand is supported by consumption across households, restaurants, food processors, retailers, and packaged-food manufacturers. Refined olive oil's relatively neutral sensory profile makes it suitable for applications where producers require consistent flavor and quality.
International trade data also points to continued market activity. Major-market olive oil imports increased 4.3% during October 2025–March 2026, while Brazil's imports rose substantially during the same period.
Demand is additionally influenced by consumers seeking edible oils associated with Mediterranean-style diets and by food manufacturers incorporating olive oil into sauces, dressings, prepared foods, and other formulations.
Demand-Side Factors
Key demand drivers include:
- Household cooking and food preparation
- Restaurant and food-service consumption
- Packaged-food manufacturing
- Sauces and dressing production
- Bakery and processed-food applications
- Premium edible-oil consumption
- Mediterranean cuisine
- Health-conscious consumer preferences
- Retail and supermarket demand
Import-dependent markets can experience particularly strong price responses when consumers maintain demand while international supply becomes tighter.
Supply-Side Factors
The major supply-side variables include:
- Olive harvest yields
- Availability of virgin olive oil
- Weather conditions in producing regions
- Refinery operating rates
- Processing and energy costs
- Producer inventories
- International exports
- Freight availability
- Port and logistics conditions
- Currency fluctuations
The global supply outlook improved compared with drought-affected seasons. USDA projected 3.3 million metric tons of global olive oil production for MY 2025/26, including approximately 2.1 million metric tons for the EU.
Future Outlook for Refined Olive Oil
The future refined olive oil market will depend on the interaction between olive production, raw-oil availability, international trade, consumer demand, and logistics costs.
A recovery in global olive production can improve supply availability and ease some raw-material pressure. USDA's MY 2025/26 forecast of 3.3 million metric tons represented an improvement from drought-restricted production seasons.
However, prices may remain sensitive to weather developments, harvest quality, producer inventories, and international procurement. Import-dependent countries such as Japan, Brazil, and China may remain particularly exposed to changes in overseas supply and freight costs.
From the demand perspective, continued consumption by households, restaurants, and food manufacturers can provide a stable underlying market, while premium and health-oriented edible-oil consumption may create additional opportunities.
Major Uses of Refined Olive Oil
Refined olive oil is used across a broad range of food applications, including:
Food and Cooking
- Household cooking
- Sautéing and frying
- Food preparation
- Marinades
- Sauces and dressings
Food Processing
- Packaged foods
- Bakery products
- Ready-to-eat meals
- Canned foods
- Processed food formulations
Food Service
- Restaurants
- Hotels
- Catering
- Commercial kitchens
Blending
Refined olive oil can also be blended with virgin olive oil. The IOC defines “olive oil” as a blend of refined olive oil and virgin olive oils fit for consumption as they are, subject to the applicable standard.
Refined Olive Oil vs Virgin Olive Oil
According to the IOC, virgin olive oils are obtained solely through mechanical or other physical means under conditions that do not alter the oil, whereas refined olive oil undergoes refining to correct undesirable characteristics.
Most Asked FAQs About Refined Olive Oil
- What is refined olive oil?
Refined olive oil is obtained from virgin olive oils through refining methods that do not alter the initial glyceridic structure of the oil.
- What is the September or Q2 2026 refined olive oil price?
In Q2 2026, benchmark prices reached USD 5,490/MT in China, USD 7,111/MT in the UK, USD 6,216/MT in France, USD 7,435/MT in Brazil, and USD 7,725/MT in Japan.
- What factors affect refined olive oil prices?
Major factors include olive harvest conditions, raw olive oil availability, weather, international trade, freight, currency movements, refining costs, inventories, and consumer demand.
- Is refined olive oil the same as extra virgin olive oil?
No. Extra virgin olive oil is a virgin olive oil obtained through mechanical or physical means and meeting specific chemical and sensory requirements. Refined olive oil has undergone a refining process.
- What is refined olive oil mainly used for?
It is used in cooking, frying, food processing, sauces, dressings, bakery products, restaurants, and blended olive-oil products.
- What is the maximum free acidity specified by the IOC for refined olive oil?
The IOC specifies free acidity of not more than 0.3 grams per 100 grams, expressed as oleic acid, for refined olive oil.
- Which country had the highest Q2 2026 benchmark among the listed markets?
Among the five supplied IMARC benchmarks, Japan recorded USD 7,725/MT, followed by Brazil at USD 7,435/MT.
- Why are olive oil prices sensitive to weather?
Olive production depends heavily on agricultural conditions. Drought, excessive heat, rainfall variations, pests, and other weather events can affect yields and consequently influence raw olive oil availability and prices.
Refined Olive Oil Market Summary — Q2 2026
The refined olive oil market in Q2 2026 experienced firm pricing across the major benchmark markets. China reached USD 5,490/MT, the UK USD 7,111/MT, France USD 6,216/MT, Brazil USD 7,435/MT, and Japan USD 7,725/MT.
The market was shaped by raw-material availability, harvest conditions, international trade, import costs, logistics, and steady food-sector demand. Global olive oil imports also increased during the first half of the 2025/26 crop year, while production forecasts indicated recovery from earlier drought-affected seasons.
Going forward, weather conditions, global production, inventories, import demand, freight costs, and consumer consumption will remain the principal variables influencing refined olive oil prices and market dynamics.
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Key Coverage:
- Market Analysis
- Market Breakup by Region
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Price Analysis
- Spot Prices by Major Ports
- Price Breakup
- Price Trends by Region
- Factors influencing the Price Trends
- Market Drivers, Restraints, and Opportunities
- Competitive Landscape
- Recent Developments
- Global Event Analysis
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Refined Olive Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2026 Edition,” presents a detailed analysis of Refined Olive Oil price trend, offering key insights into global Refined Olive Oil market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Refined Olive Oil demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
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