27 Sep

East Coast Olive Oil grand opening

On Thursday, the East Coast Olive Oil Corporation celebrated its grand opening at Rome’s Griffiss Park. The company, originally based in Utica, is part of the number one private label olive oil supplier in the world. A new 185-square foot facility is home to more than 150 employees and that number is expected to increase. […]

14 Sep

Lesieur Cristal H1 profit tumbles on higher costs

RABAT (Reuters) – Moroccan cooking oil producer Lesieur Cristal said on Friday its first-half profit tumbled as world prices for its raw materials rose and olive oil exports slipped. Net income fell to 11 million dirhams in the first six months of the year from 44 million a year earlier, the unit of Moroccan conglomerate […]

28 Aug

Comvita to issue shares for olive buy

Comvita plans to issue a $8-$12 million share placement to cover the $23 million purchase of Olive Products Australia Pty, a grower and manufacturer of complementary medical products. Olive Products, based near Brisbane, has developed a system to extract active compounds from olive tree leaves for use in therapeutic products. The business includes a 500,000 […]

27 Aug

Corning’s Olive Festival draws large crowd

By Stevie Ipsen, CORNING – Though the town of Corning is not a large one, the streets of the Olive City seemed as deserted as a ghost town as people entered the city on Saturday – that is until they drove toward Woodson City Park, where not a parking spot could be found for blocks. […]

21 Aug

Madera, CA: Olive price is up, but production mediocre

By Ramona Frances, Unlike other commodities in Madera County, the fruit from olive-bearing orchards will not lead to a “bumper” crop this year. The price may be good, but this year’s yields aren’t as impressive. “Some of the trees are looking good (this year), others don’t have anything on them at all,” said grower Jim […]