17 May
Olives in Provence
Discover where the Olive really come from, sorry it’s in French but the video speaks for itself…!
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Archive for the 'Business' Category
03 Jul
Californian Olive Oil Labels reflect new data
As California’s olive oil industry expands and refines, designations of various grades of oil are becoming more distinct and more identifiable.
Consumers will face challenges as they learn to differentiate between extra virgin (high-quality) and oil pressed from the pomace of cull olives. All of the oil is expected to move through one market level or [...]
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30 Jun
The New Californian Olive Trend
A new trend is changing the olive industry in the north state, now it’s all about the oil olives and the expensive liquid gold they produce.
In the olive city, there’s a new boom surrounding the fruit, Vice President of Crane Mills Brian Crane says, “The olive oil industry is what wine was decades ago.”
Several olive [...]
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06 Jun
Viability of Timbercorp’s forests in doubt
The administrators of troubled agricultural projects manager Timbercorp say they have not yet determined if the company’s forestry projects are still viable, or insolvent like its olive and almonds projects.
Timbercorp was placed in administration in April, with liabilities estimated at the time of $930 million.
Mark Korda of administrator KordaMentha said on Thursday that full financial [...]
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03 Jun
Spanish & Italian Olive Oil fraud’s adulteration
By Andrew Weil,
Q: I understand that a magazine reported that a lot of the olive oil from Italy is adulterated with lesser oils and described ongoing fraud in the olive oil business. Do you have any information about this?
A: I have read the article you mention, it reports that fraud remains a major problem in [...]
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30 May
No recession for Olive Oil in UK
Britons with a taste for Mediterranean-style cooking are spending record amounts on olive oil.
Sales have topped £150million a year for the first time. That is double the amount sold eight years ago and significantly more than the £90million spent on vegetable oil.
Growing evidence of the health benefits of a Mediterranean diet is behind the trend. [...]
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29 May
Canada: Olive oil imports were half sunflower
A Toronto-area food importer and distributor has been fined for importing an olive/sunflower oil blend labelled as “extra virgin olive oil” in 2006.
Jan K. Overweel Ltd., which markets the Emma, Casa Italia and Cortina Foods brands and other imported products, was convicted in Toronto in February under the federal Food and Drugs Act, with the [...]
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29 May
Australia and US try to change olive oil standards
The Australian olive oil industry is teaming up with the United States to develop a new set of international olive oil standards.
Dr Rodney Mailer, from the Australian Oils Research Laboratory, says the European International Olive Council’s standards are too restrictive and treat unique aspects of Australian oils as negative traits.
He says Australian producers shouldn’t be [...]
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27 May
European Union set to support olive oil sector with storage aid
By Jeremy Smith & Anthony Barker,
European Union regulators suggested granting olive oil producers subsidies for private storage from as early as June as a way to prevent more price falls, the European Commission said on Monday.
The Commission’s proposal, to be discussed soon by national experts from the EU’s 27 countries, would allow subsidised storage of [...]
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21 May
Australian Olive industry says MIS collapses won’t hold it back
The Australian Olive Association says the demise of orchard managers Timbercorp and Great Southern does not spell the end of the olive industry.
Managed investment schemes account for the majority of Australian olive production, and sparked the industry’s rapid growth over the past decade.
The Olive Association’s Paul Miller says the industry is now big enough to [...]
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19 May
Lindsay Olives seeks sales in snack aisle, too
By David Morrill,
Walk down the snack aisle of a local grocery store and you’ll find the usual canisters of peanuts, bags of chips and jars of salsa. If Lindsay Olives has its way, you’ll see their cans of olives as well.
Owned by Bell-Carter Foods Inc. of Lafayette, Lindsay Olives is in the process of trying [...]
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16 May
Back to Business for Timbercorp Olives
By Sandra Godwin,
The Boundary Bend olive harvest was under way this week after a halt caused by Timbercorp’s financial woes.
After a three-day shutdown, workers at Timbercorp olive groves at Boort and Boundary Bend got back to the business of harvesting olives last week.
The harvest ground to a halt earlier in the week as Timbercorp administrator [...]
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10 May
SOS Cuetara to issue 200 mln euros of shares to plug hole
Spain’s SOS Cuetara (SOS.MC) said on Sunday it would issue 200 million euros of new shares to plug a hole in its accounts after top executives were discovered siphoning off funds to buy shares in the olive oil bottler.
SOS said it was restating 2008 results and booking a loss after it emerged that chairman and [...]
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10 May
Two Microsoft millionaires cultivate high-end Italian olive oil
By Melissa Allison & Amy Martinez,
This fall during the olive harvest in Italy, Dan McCarthy plans to have about 180 bottles of freshly pressed olive oil shipped by air from the 50-acre Tuscan estate of his former Queen Anne customers, Enzo Schiano and Claire Beliard.
To cover the airfreight, McCarthy & Schiering Wine Merchants will add [...]
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09 May
Australia: Timbercorp olives sold to harvester
By Rachel Hewitt,
The harvesting of Timbercorp’s giant olive crop will resume this morning after the company struck a $15 million deal to sell the fruit to its harvester.
The fate of this year’s crop – at two olive groves in northern Victoria – was uncertain after the company’s April 23 collapse.
The harvest must be completed in [...]
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