Asia Turks Import Olive Oil to Satisfy Local Demand Turkish olive oil companies are importing olive oil from abroad to make up for shortages in the domestic market. Turkish Olive Oil’s Indian Ambitions A Turkish delegation took part in Food Hospitality World in Mumbai to develop the potential of this new market. The goal of Turkey is to take the 25% of olive oil imports market share in the Asian country. Indian Importers Face Higher Duties The higher tariffs following poor olive harvests in Spain and Italy paint a dire picture for importers and consumers who can expect higher retail prices. Turkey’s Olive Oil Exports Fall by Half Producers are holding on to their stocks with expectations that prices will rise following the poor harvests in Italy and Spain. Turkey Fears Backlash in Local and Foreign Markets with Higher Prices Producers worry that higher prices might cause local consumers and buyers in foreign markets to stay away from Turkish olive oil. More Olive Groves Leveled in Turkey to Make Way for Power Plants After the second case of olive trees being uprooted in this Aegean region in recent weeks, a local official asked, "Will we use electric to feed people?" Nar Gourmet Debuts Mobile Olive Oil Production Truck Olives from Hatay, Mersin, Antalya, Manisa, and Ayvalık will be processed with the company's new mobile processing unit. A Growing Appetite for Olive Oil in Korea Imports of olive oil into South Korea climbed by 50 percent over last year, according to a report by the International Olive Council. Farmers and Police Clash in Turkey Over Clearing of Trees An uproar over the clearing of ancient olive groves to make way for a new power plant has grown over social media networks. Ayvalık Panel Calls for Investment in Turkey’s Olive Sector A panel at the Ayvalık Olive Harvest Days, discussed the need to invest in olive oil sector in Turkey and join forces with international efforts. Mediterranean Olive Oil Exhibition in Shanghai The SUDOLIVE Asia Olive Oil Exhibition was held in with its Mediterranean wine counterpart, VINISUD Asia this weekend in Shanghai. Chinese Co. Buys Majority Stake in Filippo Berio Producer China's Bright Foods has acquired a majority stake in Italian olive oil producer Salov, maker of the top-selling Filippo Berio brand. © 2015 Olive Oil Times. All Rights Reserved.