Argentina Olive Oil Sector Seeks to Rebuild
After a very rocky year plagued by climate factors, high costs and falling prices, Argentina's olive oil sector approaches 2013 with caution.
After a very rocky year plagued by climate factors, high costs and falling prices, Argentina's olive oil sector approaches 2013 with caution.
La Rioja, Argentina has implemented a program to provide each family in the region with their own olive tree plant.
A new initiative will promote domestic marketing, production and consumption of olive oil in Argentina, where for every four liters of oil produced, just one is consumed at home.
A proposed campaign aims to boost domestic sales, stimulate production and change the perception of olive oil among Argentine consumers.
Argentina continued its push for a revision to the International Olive Council limit for campesterol in olive oil at the IOC Council of Members meeting in Buenos Aires.
Argentina's olive oil industry is expected to double by 2020 firmly establishing it among the top producers in the world.
Argentina remains the IOC's only member in Latin America, but other countries in the region are lately receiving more attention from the intergovernmental organization.
According to a report, an investment group headed by Ralph Rybacki will put up $11.9 million towards the purchase of a 2,471 acre olive plantation and the construction of a new olive oil factory.
Argentine olive oil producers received the most prizes at the fifth annual Olivinus International Olive Oil Competition held in Mendoza.
This year's competition, which will be held the end of August at the Hotel Internacional in Mendoza, Argentina, will feature the participation of 21 countries and over 400 extra virgin olive oils.
Yancanelo, a major producer of extra virgin olive oil in Argentina’s Mendoza providence, has announced it will invest 500,000 pesos ($121,833) in a new bottling line at its plant in San Rafael.
Even in a city rife with nostalgia, where crumbling European-style haciendas offer constant reminders of its glory days, La Casa de Las Aceitunas is a dusty gem you’d be hard pressed to find anywhere else.
Cultivation in Cuyo is expected to grow 40 percent, but half of this green gold will never make it to store shelves. There are simply not enough workers to harvest the olives.
"Producers will gain access to technical assistance in the field and at the pilot plant with the aim of improving the quality of their products." - Flavio Fama, National University of Catamarca
The situation has only gotten bleaker for Argentina’s flailing olive oil industry, which finds itself in a financial predicament driven by stagnant prices and rising production costs.