Spain’s Olive Oil Farmers Call for Probe Into Price Manipulation
The farmers union COAG wants Spain's competition watchdog to probe alleged price manipulation by olive oil distributors.
The farmers union COAG wants Spain's competition watchdog to probe alleged price manipulation by olive oil distributors.
Use of olive oil as a loss leader for Spain’s supermarkets might be snuffed out under talks between retailers and olive oil sector.
Olive oil imports are up 38 percent in China and Japan, 32 percent in Australia, and 6 percent in the United States.
Olive oil prices in India are set to go up substantially owing to a hefty increase in olive raw material costs in Spain and Italy over the last six months.
Prices for extra virgin and virgin olive oil wouldn’t have to fall so far before the European Commission (EC) provided support via private storage aid, under proposed changes agreed to by a European Parliament committee.
Olive oil prices in Spain finally fell in line with expectations and rose again last week, but there was not much oil being sold.
Faced with a 200,000-ton deficit in meeting its demand, olive oil prices in Spain are expected to rise, but are paradoxically falling.
Olive oil prices are expected to rise as Spain’s olive oil output this season is expected to fall 200,000 tons short of its demand.
The olive oil industry may be susceptible to small and seemingly irrelevant events which can eventually have chaotic consequences.
The olive oil futures market in Madrid said traffic to its web page increased five-fold in September amid the recent price tension.
The International Olive Council says olive oil production in 2012/13 will be about 2.75 million tons, 20 percent off last year’s all-time high.
Reduced European subsidies and growing demand will lift prices over the long term, according to Boundary Bend's Pablo Canamasas.
The retail prices of popular Spanish olive oil brands Carbonell and Koipe have shot up this month by as much as one euro ($1.30).
When and how rising wholesale prices for Spanish olive oil will impact on consumers are burning questions as the climb continues.
Improved tracking of olive oil prices and the provision of market forecasts and analysis are among the goals for a new 'business intelligence observatory' being set up by the International Olive Council.