European Farmers Bracing for Olive Oil Price Surge Amid Severe Weather Conditions

European farmers are bracing for significant challenges in 2026 due to severe weather conditions. Abnormal heatwaves, prolonged droughts, and devastating wildfires have already begun to take a toll on agricultural production.

The olive harvest, in particular, is expected to be severely impacted, with producers warning of a sharp increase in prices as early as autumn. The main olive-growing regions, Greece, Italy, and Portugal, have suffered the most losses due to extreme weather conditions, including fires that destroyed a significant portion of plantations.

The high temperatures and water shortages have inhibited fruit growth and weakened plants, making them more susceptible to pests and diseases. As a result, the reduction in quality raw materials combined with rising production costs will inevitably lead to another price jump for wholesalers and end consumers.