Greek Leader Looks to China for Much-Needed Trade
Prime Minister Antonis Samaras visits China this week, with some encouraging signs for Greek olive oil.
Prime Minister Antonis Samaras visits China this week, with some encouraging signs for Greek olive oil.
The pace with which olive oil demand is rising in Japan is outstripping even that of China, according to recent IOC figures.
The spectacular surge in demand for olive oil in emerging markets will endure largely driven by health interests, a Rabobank report says.
With its harvest a million tons below last season, Spain imported more and exported less, than in any other month in the last four years.
According to a report, Turkey managed to benefit from Spain's reduced olive oil production, doubling exports to 20,000 tons.
Imports are up 31 percent in Japan, 24 percent in China, 15 percent in Canada and just 3 percent in the United States.
A Peruvian tribunal has quashed anti-subsidy duties the country had been imposing on imports of Italian and Spanish olive oil.
Spain dribbled out less than 49,000 tons of olive oil in February, about a third of its production last year.
The Italian company that produces Costco's Kirkland's Best brand has had 98 containers detained after the FDA issued an import alert.
The detection of pesticide traces has stranded 98 shipping containers of Italian olive oil in the ports of New York and Seattle.
The Greek Ministry of Agriculture expects olive oil exports to rise in 2013, with new tools to reach broader markets.
The forecast for this season's olive oil output has been lowered amid evidence the Spanish harvest will be even lower than expected.
The drastic drop in Spain’s olive oil production this season appears to have been a boon for Italy and Tunisia.
Olive oil imports are up 38 percent in China and Japan, 32 percent in Australia, and 6 percent in the United States.
After a very rocky year plagued by climate factors, high costs and falling prices, Argentina's olive oil sector approaches 2013 with caution.