AltaMas

Knowledge Before Business.

CONNECTING KOREA & SPAIN SINCE 2002

Knowledge Before Business.

Trusted Spanish Edible Oil Solutions
for the Korean Food Industry

Weekly Market
Explore Products

Trusted Business Partners

Serving Korea’s Food Industry Since 2002

Weekly Market Summary

Latest Insights from the Spanish Edible Oil Market

Market Update

Week 30 / Updated 05 Aug 2026

Market Data

Harvest
Olive Oil Price
Exports
EUR/USD
Weather

Market Status

1.42M MT
€3,520 / MT
+8%
1.17
Hot & Dry

Market Insight

🟢 Stable

Confidence 87%

Recommendation Secure Q3 Supply

Risk Level Low

Next Watch September Harvest Report

⚠ Market Watch

Vegetable Oil
Market Under Pressure

Status

Impact

Price Outlook

Update

Monitoring

High

Bullish ↗

30 Jul 2026

Executive Summary

Spain’s vegetable oil market remained relatively stable this week.

Key Highlights

• Buyers advised to secure September positions

• Continued Russia-Ukraine logistics risks

• Heatwave affecting Southern Europe

• Vegetable oil prices remain firm

🟢 Recommended Action

Review Q4 procurement schedules.

Secure September shipments early.

Monitor August weather developments.

AltaMas View

Current market conditions remain manageable.

However, if the current heatwave continues
through August, vegetable oil prices could
move upward faster than expected.

Customers planning September and Q4 shipments
should consider securing coverage earlier.

Read Full Report

Today’s Market Snapshot

Olive Oil

€3,520 / MT

▲ +2.1% Weekly Change

Latest Update 30 Jul 2026

🌻 HOSO

€1,710 / MT

▼ -0.4% Weekly Change

Latest Update 30 Jul 2026

🌿 Harvest

1.42 M MT

Forecast
Stable

🚢 Exports

+12%

Demand
Strong

AltaMas Market Brief

Spain Harvest Revised Lower

Yield forecasts have been reduced for all spring and summer crops, most notably for grain maize and sunflowers (6–7 %). Hot and dry conditions are forecast to persist in western Europe,

AltaMas Analysis →

Spain weather map 14 days

Spain’s 14-day weather pattern shows hot summer conditions with clear skies, high daytime temperatures often exceeding 35°C to 40°C in central and southern interior valleys (such as Guadalquivir and Madrid), and warm tropical nights above 20°C.

AltaMas Analysis →

Olive oil price at origin — July 31, 2026

€3.40 to €5.77 per kilogram, following a stabilization and general descent from previous drought-driven record highs.

Spain: Extra virgin olive oil averages €3.40/kg; virgin olive oil is €3.13/kg.

AltaMas Analysis →

Spain-French Wildfires Affect Agriculture

In Spain, officials fighting the blazes near Madrid say they are the worst the region has ever experienced. Firefighters are also battling a wildfire in Castellón, a province near Valencia.\

AltaMas Analysis →

AltaMas Outlook

Buying Advice

Secure September

Risk

Medium

Next Review

01. Aug

Confidence

Price Trend

Our Products

Reliable Supply from Spain for Industrial and Food Service Applications

Olive Oil

Extra Virgin,

Virgin, Refined, Pomace

Applications

Fried Chicken

Snack Foods

Food Manufacturing

Custom Blended Oils (OEM)

Tailor-made oil solutions
based on customer requirements.

Applications

  • Olive Oil Blend
  • HOSO Blend
  • Frying Oil
  • OEM Production

High Oleic Sunflower Oil

Premium frying oil with high oxidative stability.

Applications

  • Fried Chicken
  • Snack Foods
  • Food Manufacturing

Grapeseed Oil

Light taste and high smoke point.

Applications

  • Premium Cooking
  • Dressings
  • Food Processing

Sunflower Oil

Refined Sunflower Oil

Applications

  • Food Industry
  • Bulk Supply

Canola Oil

Refined Spanish Canola Oil for industrial and food service use.

Applications

  • Frying
  • Bakery
  • Sauce

Why AltaMas?

Knowledge Before Business.

We help customers understand the market

before they make purchasing decisions.

🟩 20+ Years Experience

More than two decades working with Korean food manufacturers and Spanish producers.

🟩 Market Intelligence

Weekly market insights, harvest updates and procurement guidance.

🟩 Reliable Supply

From production planning to shipment coordination.

🟩 Trusted Partnerships

Built on trust, consistency and professional communication.

🌿 Why Spanish Oils?

Spain is the world’s leading producer of olive oil and one of Europe’s most reliable suppliers of edible oils.

✔ World’s largest olive oil producer

✔ Stable industrial supply

✔ Advanced refining technology

✔ Reliable export infrastructure

✔ Strong food safety standards

✔ Competitive global logistics

About AltaMas

We Move With the Market.

Knowledge Before Business.

At AltaMas, we believe successful sourcing begins with understanding the market.

For more than two decades, we have worked alongside Korean food manufacturers and trusted Spanish producers.

We don’t simply import edible oils.

We connect knowledge, people and markets.

Our Philosophy

Market First.

Knowledge Second.

Business Third.

What We Do

Market Intelligence

Reliable Supply

Technical Support

Long-term Partnership

Trusted Partners

BORGES

Global Partner Since 2002

Olive Oil

HOSO

Sunflower Oil

Grapeseed Oil

Industrial Oils

Custom Blended Oils

CANOLIVA

Flexible Production

OEM Solutions

Industrial Packaging

Custom Blended Oils

Food Service

Twenty years of partnership build trust that no quotation can replace.

Contact AltaMas

Looking for a reliable sourcing partner in Spain?

Let’s discuss your requirements and find the right supply solution.

📧 Email: danielkahn1212@gmail.com

📞 Tel: 82+10+9378-8500

Business Hours Mon-Fri 09:00~18:00 KST

Location Seoul, Korea

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