The first question that you may have as you research bulk olive oil is, “How much does bulk olive oil cost?” This is a more complex question than it may seem, because there are many factors that can affect the cost of olive oil.
A pallet of bulk olive oil costs between $2,000-$6,000. A 20 ft. Container with 20 pallets of bulk olive oil costs between $30,000 and $90,000.
The price ranges indicated above are very wide, because the cost of olive oil is affected by many factors.
Grade: The grade of olive oil that you choose will mandate what it will cost. As expected the lowest grade of olive oil, Olive Pomace Oil, will be at the cheapest end of the range, while Certified Organic Extra Virgin Olive Oil will be the most expensive.
Packaging: The type of packaging that you choose will impact the cost. Opting for larger sizes like the FlexiTanks will reduce the cost the most, followed by the tote and drum size. The less packaging there is, the lower the cost.
The Market: The global commodity market for olive oil has a significant impact on olive oil costs. If some of the largest producing countries (in particular, Spain) have a bountiful crop, prices around the globe will fall. On the other hand, if supply is low prices will increase. To find out more about the commodity market, go to the commodity section of our blog or explore the Commodity Market Tracking Tool.
Make smart buying decisions by analyzing all three components that will influence the cost of your bulk olive oil.