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 […]

08 May

Bottler year for WA’s olive oil industry

Olive oil production in WA is set to reach a record 2500 tonnes this year, with an increase in backyard growers keen to produce the golden oil. Producers are bottling the 2009 “vintage” and have said there are not enough presses to cope with supply from growers. Rises in production are being attributed to the […]

25 Apr

Olive Oil Production Returns to Afghanistan

By Qadeem Weyar, Olive Oil production in Nangarhar restores this product to the country after a decade and half. The factory is reconstructed by the Italian government, funded $800,000 for the project. In addition of the oil, olive soap is also being produced in the factory. The industrial unit is provided with modern equipments and […]