How is olive oil priced?

Last reviewed 8 August 2026.

Olive oil is priced from the oil market outwards. There is a market price for a tonne of a given grade and variety on a given day; everything else — the bottle, the label, the carton, the pallet, the freight — is added on top of it. We do not publish a price list on this site because any number we printed would be wrong within weeks, and a wrong number helps nobody.

The five things that set your number

  1. The oil. The market price for that grade and that variety, on the day. This is the largest single component and the only one nobody controls. It moves with the harvest, with stocks carried over from last season, and with what Spain and Italy are doing.
  2. The grade and variety. Extra virgin costs more than virgin, which costs more than refined. Certified organic costs more than conventional. A single-variety Koroneiki is priced differently from a Chemlali blend. See grades of olive oil.
  3. The packaging. This is the one buyers underestimate. In a 500 ml retail bottle a large share of the delivered cost is glass, closure, label, carton, filling and palletising. In bulk, almost none of it is.
  4. The incoterm. A FOB number and a CIF number are different numbers for the same oil. See ports and shipping.
  5. The volume. Not because bigger buyers deserve a discount, but because setup costs — a label print run, a line changeover, a certification document — are the same whether they sit under three pallets or thirty.

Why the 2025/26 season matters to your budget

Tunisia produced roughly 500,000 tonnes in 2025/26, a record, and second in the world behind Spain. Exports reached 352,000 tonnes, up 56.7% on the previous season. A big origin crop puts downward pressure on origin prices; a poor one does the opposite. If you are budgeting a year ahead, the harvest is the variable to watch, not the supplier. Our harvest report tracks it.

How to check that a quotation is fair

Three habits, and they will serve you with any supplier, not only us.

  • Price the oil separately from the packaging. Ask what the bulk cost of the same oil would be. The gap is what you are paying to have it bottled, and you can judge whether that gap is reasonable.
  • Compare against an origin index. We publish a daily Tunisian extra virgin index for Chemlali from Kairouan and Chetoui from Zaghouan at OleaIndex. It is our own asset and we publish it whether or not it flatters us on a given day. Use it, or any equivalent, so a quotation is a number with a context rather than a number on its own.
  • Force every supplier onto the same incoterm. This is where most bad comparisons are made. A supplier quoting FOB will always look cheaper than one quoting CIF.

What a cheap quotation usually means

Sometimes it means a good harvest and a supplier who is close to the mill. Often it means one of these instead: the grade is not what the label says, the free acidity is at the legal ceiling rather than well below it, the oil is last season’s carry-over, or the number quoted is EXW while everyone else quoted CIF. Ask for the certificate of analysis for the actual lot before you take a price at face value. Ours travels with every consignment.

What you are actually buying from us

Free acidity at or below 0.4% on OLYFO Gold and 0.5% on Gold Organic and Origins, against a legal extra virgin ceiling of 0.8%. Olives picked in November and December and pressed the same day. Polyphenols up to 400 mg/kg, and up to 500 mg/kg on Gold Organic. Those numbers are the reason for the price, and they are checked lot by lot rather than claimed once.

Next

Tell us the format, the volume, the destination port and the incoterm you want quoted, and you will get a real number against a real specification. Send an enquiry or write to sales@olyfo.com.

Related: payment terms · grades of olive oil · buying in bulk.