Daily Archives: June 12, 2014

PREMIUM olive oil producer Boundary Bend Ltd, one of the biggest success stories of horticulture in north-western Victoria, is eyeing a $10 million expansion into the US market.

The company’s managing director, Rob McGavin, said the US market represented a major opportunity for his company. Boundary Bend already produces more extra-virgin olive oil from its Australian olive groves than all US producers combined.

“There are 350 million people in the US, and they only produce enough olive oil for 10 million consumers,”­ he said.

The US market is currently in a similar position to Australia’s in the 1990s: most of its olive oil is imported from Mediterranean countries like Spain and Italy, is highly processed, and of inferior flavour and quality.

Grow up olive oil exports but not olive oil prices. Different the trend in the major producing countries in the euro zone. Spanish farmers denounce “speculative and abusive practices of the three major traders, Sovena, Migasa and Deoleo, representing a market share of 75%”.

The Spaniards begin to look with apprehension to its commercial-production model, created in the last 30 years, with the fear that he had created a monster that you can not control and that is leading to the collapse of thousands of growers and millers.

Until April 30, 2014, according to data provided by COAG (coordination of agricultural associations) exports have come to tonnelalte exceed 600 thousand, an increase of 80% compared to last season. Well even the domestic market, with sales of 337 thousand tons (+20% compared to last year).