Business Dalmia Tries Simplified Olive Oil Labels in India Leonardo olive pomace oil is ideally suited for everyday Indian cooking and frying, according to its new label which now includes a prominent image of a traditional Indian food platter. Virgin Olive Oil Prices Hit Trigger Level for European Aid The average price for virgin olive oil is now so low in Spain that the European Commission has no choice but to subsidize storage until the market improves, the Spanish government and olive oil producers said today. Spanish Prosecutors Seek Nine Years in Jail for Three Accused of Olive Oil Fraud Spanish prosecutors are seeking nine years jail and fines of 8,760 euros ($12,000) each for three Andalusian businessmen accused of olive oil fraud and deceptive advertising. Olive Oil Campaign Gets a Life in New York It may not be much to work with, but with a $1.7 million dollar allowance from the Olive Council, the new "Add Some Life" promotional campaign hopes to at least make eating olive oil a little cooler. Production Edges Higher, Prices Lower in Latest Olive Council Report Prices dipped further in Spain after a period of relative stability, while the average price for Italian extra virgin retreated from the record highs reached earlier this year. Italy’s Monini Launches Australian Extra Virgin The Italian olive oil producer Monini introduced a new extra virgin olive oil from the Australian estate where the company planted olive trees in 2004. Sales of Packaged Organic Olive Oil from Andalusia Sharply Higher Sales of packaged organic olive oil from Andalusia grew nearly 30 percent in 2010, almost equaling that of the region's bulk olive oil sales. ExpoHuelma Under Way in Jaén, Spotlight on Olive Oil The Jaén provincial government will have its own stand at the fair, which aims to promote the tourism, handicraft, livestock and agri-food industries. Olive Farming Project in India Fails to Take Off India’s leading agricultural state of Punjab has failed to execute its ambitious olive cultivation project that was launched with much fanfare in 2008. Tough Time for Spain’s Olive Oil Stock Market Between July 12 and August 12, sales transactions between producers and traders fell to 24,484 tons, representing a 53 percent drop from the previous month. Borges Plans $2.7M Campaign to Promote Olive Oil in India Borges Mediterranean Food Products, one of the largest producers of olive oil in the world, is stepping up its marketing efforts in India with a major advertising campaign. Andalusian Olive Oil Producers Facing Fourth Straight Year of Losses Andalusia's olive oil producers are facing their fourth consecutive year in the red having already accumulated a loss of 600 million euros ($851 million) this season. © 2014 Olive Oil Times. All Rights Reserved.