05 Oct

Bell Carter Foods in Corning, CA is bustling

  The olive plant is the largest ripe olive producer in the world. The company processes 52,000 tons of olives a year on average, keeping it's 400 employees hard at work. But this years olive crops are falling a bit short thanks to mother nature. " Weather we're having now can offset next years harvest, [...]

10 Jun

$200,000 boost for Australian Olive Association

The Australian Olive Association (AOA) is celebrating a welcomed boost after the Federal Government confirmed a $200,000 grant, which will enable the AOA to develop a high-profile marketing campaign to promote Australian extra virgin olive oil and table olives. The funding, announced by Minister for Agriculture Tony Burke, is part of a $2 million wider [...]

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 [...]

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 [...]

21 Apr

Olive Oil Market during this Recession

With the global economy on rocky ground, sales of olive oil may be cloudy as the market shows signs of reaching maturity, according to market research publisher Packaged Facts new report, “Market Trend: Olive Oil in the U.S., 3rd Edition.” According to the report, the market for olive oil in the United States grew at [...]

09 Dec

Economic Downturn Effect Patient Health and Diets

Over 56% of American Dietetic Association members surveyed report that they are concerned that the current economic downturn will have a negative effect on their patients’ ability to maintain or achieve a healthy weight, according to a survey conducted by the California Olive Committee. Almost three-quarters (72.2%) of the registered dieticians and nutritionists expressed concern [...]

20 Sep

Olive Oil Sector Could Be Shaken Up By New Labelling Rules

The European olive oil market could be set for a shake up if new labelling rules proposed by EU officials come into force. The rules would make origin labelling compulsory for virgin and extra virgin label olive oil, and could come into force as early as July 2009. The move could provide a boost for [...]

23 Jun

Olive oil prices in India to remain stable; not to rise

The Indian Olive Association (IOA) said Monday the product’s prices would remain stable and, contrary to expectations, would not fall as a result of the government’s reduction of import duties to 7.5 percent from April 1. In April, the IOA had stated that olive oil prices were expected to fall by 10-15 percent on fresh [...]