The olive oil sector maintains a steady pace of sales at the start of 2026, with a notable increase in mill outputs and a cumulative production already exceeding one million tonnes. Table olives, meanwhile, closed January with lower stocks and a processed volume approaching 502,000 tonnes.
The market update for the olive oil and table olive sector as of 31 January, based on reports to the AICA, confirms a dynamic month in terms of dispatches, supported by high production levels and a market continuing to absorb significant volumes.
Olive oil in mills: high production and rising outputs
In the fourth month of the 2025/26 campaign, olive oil production reached 321,039.82 tonnes in January, bringing the cumulative campaign total to 1,044,116 tonnes. This volume consolidates a notably productive campaign and explains the significant increase in stocks recorded at the end of the month.
Total market dispatches amounted to approximately 123,380 tonnes, maintaining the strong sales pace observed in the first months of the campaign. The cumulative total between October and January stands at 476,060 tonnes. This calculation includes an estimated 25,000 tonnes of imports, pending confirmation by Customs. With this reference, January exports would reach around 78,320 tonnes, while the domestic market absorbed roughly 45,060 tonnes.
Strong rebound in mill outputs
One of the most remarkable figures of the month is the performance of mill outputs, which reached 158,855 tonnes – an increase of 27,220 tonnes compared with December and 58,080 tonnes compared with November. The cumulative total as of 31 January now stands at 479,061.49 tonnes, reflecting intense activity at origin.
Stocks rise due to high production
End-of-January stock distribution shows a general increase across all operators:
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End of 2024/25 campaign: 289,943 t
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Mills: 726,965.67 t (+173,051.64 t vs December)
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Bottlers: 209,230 t (+46,896 t)
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Olive Growers’ Community Assets: 7,492 t (+3,262 t)
Overall, stocks total 943,688 tonnes, an increase of 224,306 tonnes compared with December, driven by high production during the month.
Table olives: stocks decline, campaign stable
For table olives, the fifth month of the 2025/26 campaign shows a more moderate performance, with declining stocks and a processed volume progressing as expected.
The campaign’s initial stocks were 317,935 tonnes. In January, 3,012.96 tonnes were processed, bringing the cumulative total to 501,864.88 tonnes, of which 397,590.78 t are from Andalusia and 94,271.10 t from Extremadura.
Cumulative imports total 15,547.11 tonnes, while exports have already reached 119,195.76 tonnes, including 17,682.22 tonnes in January alone. The domestic market has absorbed 61,089.53 tonnes so far this campaign.
End-of-January stocks stand at 633,530.02 tonnes, a monthly decrease of 29,170.01 tonnes, reflecting an active market both in exports and domestic consumption.
The January data show a very dynamic olive oil sector, with solid dispatches and a notable increase in stocks due to high production levels. The market maintains a strong pace, particularly in exports.
For table olives, the campaign progresses steadily, with a significant processed volume and stocks beginning to adjust after a month of intense dispatches.
