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By Dilip Kumar Jha, The finance ministry will shortly issue a clarification, stating that olive oil imports will not attract any import duty. This follows summons issued by the Directorate of Revenue Intelligence (DRI) to several olive oil importers, asking them to pay an additional 37.5 per cent customs duty on all imports made since [...]

Finolex Group has stepped into the business of olive oil and chosen a 210-hectare stretch of barren land in Rajasthan for plantation purpose. Finolex is more known for its electrical and Telecommunications Cables, Optical Fibre Cables, Rigid PVC Pipes, Suspension and Paste Grade PVC Resins, Continuous Cast Copper Rods, PVC Sheets, Electrical Switches and CFL’s. [...]

Spain-based Grupo Hojiblanca today entered the Indian markets launching its olive oil brand in the country. The company has also tied-up with Future Group-promoted Food Bazaar for retaling the product. “The launch of Hojiblanca in the Indian market would intensify the competition among olive oil brands. Through our association with Food Bazaar, we endeavour to [...]

Over the next four years olive oil consumption in India is expected to increase nine-fold to 42,000 tonne. Increasing awareness of health issues is the primary driver of this demand, as olive oil is seen as a healthier cooking medium. Is olive oil becoming more acceptable in India? Firstly, it should be noted that olive [...]

Olive oil consumption in the country is estimated to rise over 9 times in the next four years, fed by an increasingly affluent mobile consumer class’ obsession with nutritious food. “Olive oil consumption is pegged at 42,218 tons by 2012, growing at a rate of 75 per cent a year. The target for this year [...]

J.L. Morison (India) Ltd, part of the $ 250 Million Rasoi Group has forayed into the health food segment with the launch of Carbonell, the world’s leading olive oil Brand in India. The Brand Ambassador for Carbonell in India, the eminent Master Chef, Sanjeev Kapoor, unveiled two world class zero cholesterol products under the Carbonell [...]

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 [...]

By Rhys Blakely, The desert of Rajasthan in the north of India is to be planted with a million olive trees grown in Israel in an effort to transform the landscape and the fortunes of its struggling farmers. The countries are finalising a three-year plan on agriculture that will introduce several crops associated with the [...]

President Dalmia, India decided to invest so much in olive oil market. Somebody is talking about a new Olive orchard model in the area called Rajasthan. Particularly they are intentioned to invest using very modern and high technologically irrigated systems. Why are you spending so much attention to olive cultivation? In reality, I do not [...]

With the Centre reducing the customs duty on all grades of olive oil to 7.5 per cent from the previous rates of 45 per cent on virgin olive oil and 40 per cent on refined olive oil, prices of olive oil are likely to come down by up to 15 per cent on the stocks [...]

The Indian Olive Association has welcomed the sharp reduction in import duties on the product, saying it would bring down prices by 15 percent and make the product available to a larger number of consumers. “We are gratified that the importance of olive oil is being recognised and that our efforts are bearing fruit soon [...]

Can India become a major producer and exporter of olive oil? 50,000 sapling of various varieties will be planted near Jaipur to find the Variety most suitable to India. By Siddhartha Sarma, The agriculture board of a desert state, a micro-irrigation firm, and an Israeli company think so. Later this week, 50,000 olive saplings of [...]

Himachal Pradesh will welcome the proposed Indo-Spanish joint venture olive oil extraction unit establishment in the interiors of the state to give boost to the professional cash crop cultivation. Chief Minister Prem Kumar Dhumal today, after discussing the JV proposal to set up olive oil extraction unit in the state, said the border areas of [...]

The Indian Olive Association has urged the Center to abolish the 45 per cent Customs duty on olive oil. “The import duty makes olive oil prohibitively expensive in India,” said a press release from V.N. Dalmi, President of the association. Run-up to Budget 2008-09 It pointed out that currently a 45 per cent Customs duty [...]

To increase foreign trade, the Turkish Exporters Assembly (TİM) is preparing some overseas publicity activities for all sectors, particularly olive and olive oil. China and India are the priority targets for the advertising campaigns, TİM Chairman Oğuz Satıcı said midweek at a press conference held by olive and olive oil sector representatives at the Foreign [...]