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Business / page 395

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.

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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Oct. 5, 2011

Indian Delegation Visits Spanish Producers

A high profile Indian delegation of 12 professionals from the food and beverages industry visited Spain to explore import opportunities for the Indian market.

Sep. 29, 2011

European Commission OKs Payments for Six Months of Olive Oil Storage

The European Commission announced today that it will provide private storage aid enabling up to 100,000 tons of Spanish virgin olive oil to be stored for six months.

Sep. 28, 2011

Olive Council Deputy Director Urges Producers to Improve Quality

Olive oil producers need to adapt production to reflect the reality of worldwide demand – or face further losses, warns International Olive Council's deputy director Ammir Assabah.

Sep. 27, 2011

Olivar de Segura the Top 'Ecological' Olive Oil Producer in Spain

The co-op sold one million kilos of olive oil in 2010 making it the top-selling certified ecological producer, according to Andalusia's organic farming trade group.

Sep. 23, 2011

American Investor Argentine Olive Ranch Buys San Juan Plantation

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.

Sep. 23, 2011

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.

Sep. 19, 2011

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.

Sep. 18, 2011

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.

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