Business Spain Looks for Solutions on Olive Oil Prices, Quality Spain is pushing for European Commission aid to bulk store extra virgin olive oil until its price improves and is debating other measures to improve quality and sustain the ailing sector. Price for Italian Extra Virgin Olive Oil Drops to ’09 Levels The producer price for Italian olive oil returned to the levels of 2009. Imports rose in Brazil, Europe and North America, but fell in Japan and Australia, according to new data. Food Industry Pros Attend Napa Valley Seminar on Olive Oil Quality A sold-out seminar at the Culinary Institute of America's Greystone campus gave food buyers a better understanding of olive oil quality issues. Unaprol President Urges European Commission to Lower Alkyl Ester Limits Massimo Gargano, president of Unaprol, Italy's largest consortium of Italian olive oil producers, responded to consumers' concerns in the wake of 'Made in Italy' mislabeling claims. China Scrutinizes Olive Oil Imports from Italy China has alerted its local inspection and quarantine authorities to perform a careful check of the quality of Italian olive oil imported into the country. Olive Oil Prices in Spain Extend Historic Lows at Year-End Falling prices, decreased production and poor sales have left Spain's olive oil sector in a state of disarray, though government is working to develop reparative initiatives. Alternative Energy Powers Olive Oil Producer in Chile’s Maule Region In a year declared “International Year of Sustainable Energy for All” by the UN, one Chilean olive oil producer expects big results from his decision to go green. More Claims of ‘Made in Italy’ Labeling Lies China is scrutinizing olive oil arriving from Italy while Spain raises fears of wider market manipulation in the wake of new claims of fraud involving Italian olive oil. Greeks Turn to Lower Quality Olive Oil During Crisis During the current financial crisis, demand for first quality standardized olive oil has declined in Greece. The explanation relies in the cuts to wages and the limitation of household resources in general. Spanish Eating More Butter, Less Olive Oil Butter consumption is increasing in Spain as people tighten belts and eat breakfast at home, instead of cafes. Meanwhile, sales of vegetable oils, particularly olive and sunflower oil, have fallen. Uruguayan Olive Oil Production Expected to Grow Olive oil production in Uruguay is expected to double in the coming year, thanks to heavy investments and improved technological resources in the area. Global Olive Oil Consumption Forecast to Climb, Led by U.S., China, Brazil World olive oil consumption will climb 3.2 percent in 2011/12, according to the Olive Council’s November newsletter. © 2014 Olive Oil Times. All Rights Reserved.