Business Are Designations of Origin Working for Italian Olive Oil? Are the designations of origins helping Italian olive oil producers? The Italian Olive Oil Council tried to provide answers through a report about the Italian olive oil PDO chain. Spanish Food Giant Grupo SOS Changes Name to Deoleo Spanish food group SOS, the world’s leader in olive oil sales, this month unveiled its corporate image under the new business name of Deoleo. Andalusia Pledges €40M for Producers, Rules Out More Origin Designations The Andalusian regional government has allocated 40 million euros ($56.6m) to provide short-term loans so its olive oil producers can avoid selling at a loss. Council Chooses Exponent PR to Promote Olive Oil in North America An IOC spokesperson said that having reviewed the six applications made last month, its Tenders Evaluation Committee had proposed Exponent PR as the successful bidder from three finalists. Olive Oil Tour Stops at Britain’s “Taste of London” Spain's Interprofesional del Aceite de Oliva Español is in the U.K. for the huge Taste of London festival to promote European olive oil to Brits who are increasingly fond of EVOO. Italian Olive Oil Association Meets Over Fresh Market Data The Association of the Italian Oil Industry, representing packagers of olive oil and seed oils, held a conference to review 2010 olive oil market volume and give indications about the early months of this year. European Imports of Olive Oil Sharply Higher in Latest Report Imports of olive oil into the European Union were up 27 percent in the five months to February, according to the International Olive Council’s May market newsletter, released today. Stephen Mandia, Sovena USA Steve Mandia founded the East Coast Olive Oil Corporation in 1991 and guided its growth to become one of the largest olive oil importers in the United States. Q&A with Spain’s Olive Oil Interprofessional Director Teresa Pérez Interprofessional Director Teresa Pérez explains why this week's Beyond Extra Virgin conference in Córdoba will be different than previous editions. Commissioner’s Answer Still “No” to Aid for Private Olive Oil Storage Despite receiving a petition with 50,000 supporting signatures from Spain alone, the European Commission today stood firm on its rejection of calls for the introduction of private storage aid for olive oil. Six Firms Vie to Promote Olive Oil in North America Bids from five North American and one European firm were officially opened this morning at IOC headquarters in Madrid by the International Olive Council. Stagnant Prices, Uncertainty Take Toll on Olive Oil Futures Flat prices and economic uncertainty are dampening Spain's fledgling olive oil futures exchange, which last year got into the black for the first time. © 2014 Olive Oil Times. All Rights Reserved.