Andalucía Shores Up Olive Oil Cooperatives with 4.38M Euros
The Andalucían regional government handed out incentives to a number of Spanish cooperatives in an effort to transform and strengthen southern Spain’s olive oil sector.
The Andalucían regional government handed out incentives to a number of Spanish cooperatives in an effort to transform and strengthen southern Spain’s olive oil sector.
The new highly-advanced mega-mill can function without interruption and has the capacity to process around 350,000 kilos of olives daily to produce 2 million kilos of olive oil per year.
The Andalucían ministry hopes to facilitate the introduction of Spanish olive oil brands that have yet to penetrate the Chinese market as well as consolidate the position of existing brands there.
The study is part of an effort by Spanish local and national governments during a time where newly emerging olive oil producing nations threaten Spain's dominance of the world market.
The report offers data from a number of industry experts to conclude that the rising costs of olive oil production are higher than the market prices.
The trading of olive oil futures on the Spanish MFAO exchange market rose 54%.
The Olive Oil Agency (AAO), made the inspections to verify industry information regarding olive oil production for its yearly management report.
The urging came at a forum to analyze the current situation in Spain’s olive oil sector and search for new ways to make Spanish olive oil more competitive internationally.
Negotiations seeking a free trade agreement are in danger because of supposed Argentinean restrictions against the entrance of European olive oil imports.
According to fresh figures from government organization FranceAgriMer, olive oil is the second most consumed oil behind sunflower oil at french retailers.
The so-called “Euro-Leaf” will now be obligatory on pre-packaged organic food products that have been produced in any of EU Member States and meet the necessary standards.
Britain's largest chain will sell the high-quality Picual EVOO in amphora-shaped bottles signed by the celebrity chef Jean Christophe Novelli.
We analyzed the past and know what needs to be done for the future. There is no room for more debate.” Gregory Antoniadis, President of SEVITEL
A proposal to suspend agricultural aid and farm subsidies to countries with excessive deficits in an effort to prevent another debt crisis.
Economists expect the 23% increase will help balance the market this season in the face of over-production fears