Daily Archives: October 14, 2014

  • Creamy Cucumber and Kalamata Olive Salad

    Ingredients:

    1 English cucumber, halved, peeled and cut into 1/4 inch slices
    ¼ cup pitted kalamata olives, roughly chopped
    6 oz feta cheese, cut or crumbled into 1” cubes
    1-cup cherry tomatoes, halved
    ¼ cup roughly chopped mint leaves
    3 oz extra virgin olive oil Agora (for dressing)
    1 oz red wine vinegar (for dressing)
    2T Tribe classic hummus (for dressing)
    sea salt and black pepper (for dressing)

    Directions:

    Whisk together olive oil, red wine vinegar, and hummus.

    Add salt and pepper to taste.

    Toss all ingredients together.

    recipe source

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    Ingredients: 1 English cucumber, halved, peeled and cut into 1/4 inch slices ¼ cup pitted kalamata olives, roughly chopped 6 oz feta cheese, cut or crumbled into 1” cubes 1-cup cherry tomatoes, halved ¼ cup roughly chopped mint leaves 3 oz extra virgin olive oil Agora (for... 
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  • Patented new method of extra virgin olive oil extraction

    The University of Pisa patented new method of extra virgin olive oil extraction. The advantages of the innovative technique are many: a higher yield, improved nutritional quality of the oil and a greater resistance to oxidative processes

    The extra virgin olive oil could be extractedthrough the use of “dry ice”, ie carbon dioxide in the solid state.

    The research group led by Professor Gianpaolo Andrich and composed by Angela Zinnai, Francesca Venturi, Chiara Sanmartin, Maria D’Agata and Isabella Cutting Boards undertook this research that is still going on six years ago, in 2008.

    The advantages of the innovative technique – the researchers explain – are many: a higher yield (average 9% more, ie 17.4 kg instead of 16 kg of product per ton of olives), improved nutritional quality of the oil (which for example contains on average 6% more of vitamin E) and a greater resistance to oxidative processes, so that the oil thus obtained can be kept longer than that obtained using conventional technologies.

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    The University of Pisa patented new method of extra virgin olive oil extraction. The advantages of the innovative technique are many: a higher yield, improved nutritional quality of the oil and a greater resistance to oxidative processes The extra virgin olive oil could be extractedthrough... 
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  • World Market Olive Oil Producer Prices

    Extra virgin olive oil: Since the beginning of June 2014, producer prices in Spain have been tending to rise constantly, perhaps in reaction to the forecasts of a smaller harvest in 2014/15. By the second week of September they had reached €2.74/kg although they went down to €2.66/kg at the end of September as the market seemed to be seeking a balance. Even so, this level is 5 pc higher than a year earlier and 36 pc higher than the low recorded in May 2014 (€1.96/kg). During the period under review, prices reached their highest at the beginning of March 2013 (see Graph 1) when they hit €3.02/kg.
    Italy: In recent months, producer prices in Italy have been on a clear upward trend. In the last week of August they broke the four-euro barrier and by the end of September they were lying at €4.10/kg, equating with 37 pc growth on a year earlier and 55 pc growth if compared with the low recorded in the second week of December 2013 (€2.64/kg).

    Greece: After holding steady at €2.51/kg through July and August, producer prices in Greece increased to €2.63/kg at the end of September, coinciding with the high recorded in April 2014 and showing 5 pc growth on the same period of 2012/13.

    Tunisia: At the end of October 2013, producers were paid €2.53/kg for their extra virgin olive oil. After that, prices started moving downwards until late December 2013, when they leveled off after some fluctuations. At the end of September 2014 they rallied to €2.89/kg and have remained at this level in recent weeks, which is 12 pc higher than a year earlier.

    Refined olive oil: In Spain, the producer prices for refined olive oil, like those for extra virgin, started to climb at the beginning of June 2014, then dipping slightly in the last two weeks of September 2014 to reach €2.55/kg by the end of the month. This is 10 pc higher than the level in the same period of 2012/13. In Italy, prices have been moving in parallel with those in Spain, although with a peak in the third week of January (€2.83/kg), after which they fell to €2.67/kg by late September 2014, translating into a period-on-period increase of 4 pc which restores Italian prices to their usual position above Spanish prices. No price data are available for this product category in Greece.

    At the end of August 2014, the price of refined olive oil and extra virgin olive oil in Spain differed by €0.11/kg with €2.55/kg being paid for the first category and €2.66/kg for the second. In Italy, the difference in price between the two categories is quite a lot wider than in Spain and works out at €1.43/kg (Graph 3).

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    Extra virgin olive oil: Since the beginning of June 2014, producer prices in Spain have been tending to rise constantly, perhaps in reaction to the forecasts of a smaller harvest in 2014/15. By the second week of September they had reached €2.74/kg although they went down to... 
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  • World Market Table Olive production estimates for 2014/15

    The estimates for 2014/15 assess table olive production at over 2 551 500 t, representing a decrease of 2 pc on the season. Among the EU countries the picture is like that for olive oil with output forecast to be lower in Spain and Portugal and higher in Greece and Italy. Elsewhere, IOC Members such as Albania, Algeria, Egypt, Iran, Israel, Jordan, Lebanon and Turkey forecast higher output, Morocco expects similar levels of production to the season before and Syria and Argentina expect decreases.

    I. WORLD MARKET FOR OLIVE OIL AND TABLE OLIVES

    Trade in olive oil and olive pomace oil through the first ten months of the 2013/14 crop year from October 2013 until June 2014 is reported for seven countries in the table below.

    The data show higher imports by Canada (+16 pc), the United States (+6 pc after imports started to rally in April 2014), Australia (+ 5 pc) and Japan (+ 5 pc) and lower import levels in China (-13 pc) and Brazil (-1 pc) although a recovery has been noted in recent months in the import data for the last two countries compared with the same period a year earlier.

    In the case of Russia, data are only available up to April 2014, i.e. for the first seven months of the season, and reflect an increase of 8 pc in imports.

    At the time of writing, EU data were not available for July 2014 but the figures for the first nine months of the season (October 2013–June 2014) report a 14 pc increase in intra-EU acquisitions and a drop of 62 pc in imports from outside the EU versus the same period in 2012/13. This fall in extra-EU imports seems logical, given Spain’s high production.

    2014-10-14_olive_oil

     

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    The estimates for 2014/15 assess table olive production at over 2 551 500 t, representing a decrease of 2 pc on the season. Among the EU countries the picture is like that for olive oil with output forecast to be lower in Spain and Portugal and higher in Greece and Italy. Elsewhere,... 
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  • Olive Oil Market Picture for 2013/14 & forcasts for 2014/15

    With the crop year now closed, the data coming in from countries – as yet provisional – give a world production figure of 3 164 000 t, up by 32 pc on the previous season, and world consumption of around 2 996 000 t.

    Imports and exports are provisionally assessed at 797 000 t and 790 500 t, respectively. Spain accounts for 57 pc of world output, having produced a record 1 777 300 tcompared with 618 200 t in 2012/13.

    This season-on-season increase of 187 pc has offset production decreases elsewhere among the IOC membership where adverse climatic conditions have
    led to volume decreases in output. This is chiefly the case of Greece where production only amounts to 135 000 t in 2013/14 versus an average of 318 000 t in the previous four seasons and Tunisia where production totals no more than 70 000 t compared with a previous four-season average of 168 000 t.

    Taken as a whole, IOC member countries produced a total of 3 093 000 t and had a 98 pc slice of world tonnage; in the rest of the producer, non-IOC countries production totaled around
    71 000 t. As for consumption, the provisional figures report a figure of 2 283 000 t for the IOC Members and over 713 000 t for non-IOC countries.

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    With the crop year now closed, the data coming in from countries – as yet provisional – give a world production figure of 3 164 000 t, up by 32 pc on the previous season, and world consumption of around 2 996 000 t. Imports and exports are provisionally assessed at 797 000... 
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