Mintec to launch Four Organic Extra Virgin Olive Oil assessments

All Market Notes 15 March 2023

Mintec to launch Organic Extra Virgin Olive Oil assessments 
Following a period of market feedback, Mintec has decided to launch four weekly Mintec Benchmark Prices (MBP) for Organic Extra Virgin Olive Oil. The publication of the new assessment will be effective from Friday 31st March 2023.  
 
The initial proposal was announced in a market note published on 27th February 2023 and can be viewed here.   
 
The specification for these assessments will be as below:  

The assessment will reflect the transactable value at 16:00:00 London time. 

Organic extra virgin olive oil’s market share is growing, as consumers look to pesticide-free food items. However, the organic olive oil market is opaque, with little pricing and market information available. The launch of these new Mintec Benchmark Prices will address this issue and will provide an independent reference point for the industry. 
 
Please send any questions or comments about this market note to methodology@mintecglobal.com and clearly state which market note your comments relate to, and if the comments are intended for publication by Mintec. 

Mintec will acknowledge receipt of all comments by email.