Archive for the 'Business' Category

09 Apr

Olive oil prices set to decline in India

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 […]

04 Apr

Indian Olive Association welcomes duty reduction

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 […]

18 Mar

UC Davis launches center to nurture emerging olive oil industry

By Laura Kurtzman, After the repeal of Prohibition in 1933, the University of California, Davis established a research department that led to the flowering of the California wine industry now, it hopes to do the same for olive oil. The challenges to the emerging industry are significant. They include finding economical ways to produce fine […]

12 Mar

Texas olive industry branches out to meet growing demand

The Texas Department of Agriculture reports the Lone Star State’s olive industry is poised for unprecedented growth in 2008, thanks to advances in olive tree production and an increased demand for olive oil. The industry was first established in 1994 with roughly 20,000 trees on four orchards. Today, the number of olive trees has grown […]

04 Mar

Indo-Spanish Joint venture olive oil extraction unit proposed in Himachal Pradesh

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 […]