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Business / page 394

Dec. 19, 2011

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.

Dec. 16, 2011

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.

Dec. 14, 2011

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.

Nov. 23, 2011

Administrators Take Control of Failed Olive Oil Producer Kailis Organic

The Perth company, led by Mark Kailis of Western Australia’s dynastic Kailis family, failed to raise enough working capital to maintain operations after suffering major losses this year.

Nov. 14, 2011

Council to Commission Survey of Olive Oil Promotion

The “first ever public reliable survey” will reveal the key players involved in activities promoting olive oil internationally, and what they are doing, according to the IOC tender.

Nov. 13, 2011

Still Lower Prices, Black Olives for Breakfast in Latest IOC Data

Worldwide trade in olive oil is up 10 percent on last year - an increase of 120,222 tons, according to figures just released by the International Olive Council.

Nov. 6, 2011

Syria Expects Record Olive Oil Production Amid Political Unrest

The Syrian Ministry of Agriculture has issued a statement announcing that favorable weather conditions are helping the olive harvest this season.

Nov. 3, 2011

'No Financial Difficulties' For Spanish Olive Oil Giant Hojiblanca, CEO Says

Hojiblanca plans to double its turnover to €1 billion in five years. Antonio Luque, former farmer and now Hojiblanca’s managing director, vowed to “keep on growing.”

Nov. 2, 2011

Gruppo Pieralisi Powers World's Largest Olive Oil Mill in Jaén

The mill is owned by the 1,673 members of the FAECA Cooperative and, with the 12 lines working around the clock, can process 2,500 tons of olive oil every day.

Nov. 1, 2011

India's Leonardo Olive Oil Unveils New 'Go Indiano' Campaign

Dalmia Continental’s flagship brand Leonardo Olive Oil has launched a new, high-decibel advertising campaign for the festive season in India with the slogan "Go Indiano."

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Oct. 26, 2011

Industry Group Reports Sharp Rise in Spanish Olive Oil Exports

Spain has doubled its olive oil exports in the last decade and now sends 60 percent of its production abroad, according to figures released by the trade association Interprofesional del Aceite de Oliva Español.

Oct. 24, 2011

Olive Oil Industry Groups Reject Proposals for CAP Reform

Proposals include limiting the subsidies large farms can receive, and allocating a fixed amount per hectare rather than according to the production history -- a change that would see France and Spain lose the most, according to reports.

Oct. 21, 2011

Beyond Oil: Olives as an Energy Source

The byproduct of olive oil production, the pulp and ground up pits, are becoming popular for use as fuel for backyard barbecues, hotels and entire towns.

Oct. 18, 2011

Olive Council Reaches Out to Emerging South American Industry

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.

Oct. 16, 2011

Olive Oil Giant Hojiblanca Expands into Livestock

Hojiblanca President, José Moreno, said the integration was "another step towards the consolidation of a major multisectorial agri-food cooperative which could take advantage of synergies."

Oct. 11, 2011

Olive Oil Imports Down in Australia, Way Up in Brazil

The world produced just over 3 million tons of olive oil in the 2010/11 harvest season, according to preliminary estimates released today in the International Olive Council's September Market Summary.

Oct. 10, 2011

Acesur's Gonzalo Guillén: Spain is "Exporting the Wrong Image"

In an interview with Spain's El Economista, Acesur CEO Gonzalo Guillén spoke frankly of Spain's olive oil image problem and his company's plans for international expansion.

Oct. 5, 2011

Andalusia Fines 17 Producers €2,500 for Inferior Olive Oil

The inquiry started last November after analyses of 24 batches of cheap olive oil on sale in Jaén and Córdoba found the contents of some were inferior to that shown on the label.

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