Daily Archives: July 10, 2014

  • Why so much commercial difficulties in the United States for EVOO?

    If imports in April 2014 are compared with the figures for the same month a year earlier, accordin IOC data, it emerges that all the key markets are picking up and recording growth ranging from +8.7% in Australia to +37.2% in the United States and +137.8% for Canada. The only exception is China where there is a 25% decrease.

    For this reason, trade in olive oil and olive pomace oil through the first seven months of 2013/14 only shows a decrease of -2% in the seven countries bigger importers compared with the same seven months in 2012/13, going down from 348304 t to 341288 t.

    When broken down in detail, review shows an increase in imports of 11% in Canada, 8% in Russia and 7% in Japan but virtually no change in the United States. Canada is particularly striking in that imports have switched from negative to positive values.

    Import decreases are located in China (-28%), Brazil (-9%) and Australia (-7%) although there have been signs of recovery in the last two countries in recent months compared with levels during the same period of the previous season.

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    If imports in April 2014 are compared with the figures for the same month a year earlier, accordin IOC data, it emerges that all the key markets are picking up and recording growth ranging from +8.7% in Australia to +37.2% in the United States and +137.8% for Canada. The only... 
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  • Global Olive Oil production and consumption is increasing

    The International Olive Council (IOC), the worldwide body that sets international trade standards for the olive and olive oil industry, revealed during a seminar at the Summer Fancy Food Show on June 30 that worldwide production and consumption of olive oil is increasing, which underscores the need for increased education of consumers on the quality standards, health benefits, preparation and ideal ways to store olive oil.

    For 2013/2014, olive oil production is expected to reach 3.098 million tons worldwide, up from 2.425 million tons in 2012/2013. Consumption is also expected to mirror this upward trend, with consumption estimated to reach 3.057 million tons for 2013/2014, up from 3.041 in 2012/2013.

    The IOC today is comprised of 17 members, representing 25 olive producing countries. According to IOC Executive Director Jean-Louis Barjol, while these countries account for 97 percent of global olive oil production and 96 percent exports, they represent only 15 percent of world imports. Of the non-IOC countries importing olive oil, the U.S. represents approximately 45 percent of imports. This demonstrates the need for increased education among U.S. consumers regarding the quality standards that have been put in place by the IOC.

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    The International Olive Council (IOC), the worldwide body that sets international trade standards for the olive and olive oil industry, revealed during a seminar at the Summer Fancy Food Show on June 30 that worldwide production and consumption of olive oil is increasing, which... 
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