Archive for the 'Geographic' Category

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 […]

11 May

Spanish olive oil producers get support from the EU to expand export markets

In an effort to avoid the local drop in sales, Spanish wine and olive oil producers decided to join forces and boost the export market over the next year through promotion and marketing campaign also supported by the Spanish government and EU with a budget between 18 and 45 million euros. The export market of […]

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 […]

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 […]

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 […]