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$1207.5
Soybean Oil — Chicago (CBOT)
$441
Soybean Oil — Dalian (DCE)
$744
Sunflower Oil — FOB Black Sea
$1,370
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NewsOils and Fats Sector Coverage

Portugal Posts Record Year For Olive Oil Production

Fats and oils processing
August 20, 2026
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زيت النخيل أصبح وقودا لسيارات السباقات

According to data from the National Statistics Institute, Portugal recorded historic agricultural results in 2024, with olive oil production reaching its second-highest level on record, while almond output set a new national record.

The country's olive oil production totalled 180,000 tonnes, the second-largest harvest in Portugal's history, driven largely by the maturing of intensive olive groves in the Alentejo region. At the same time, almond production jumped to 91,000 tonnes, marking a new record and reinforcing Portugal's position as the European Union's second-largest almond producer.

However, the "Agricultural Statistics 2024" report issued by the National Statistics Institute showed a notable decline in the national grape harvest, with output falling by 8.1% compared with the previous year, mainly attributed to disease outbreaks and severe weather conditions that adversely affected the vineyard sector.