Daily Archives: October 30, 2014

  • Cost of olive oil set to rise after disastrous harvest in Italy, farmers Say

    A wet summer and fruit fly blight had led to a bad olive harvest in Italy. Some producers of olive oil have chosen not to harvest at all this year and this will bring up the price of a bottle of olive oil by £2, farmers say.

    The price of olive oil is set to soar after a widespread failure of the annual harvest in large parts of Italy. The price is expected to rise per bottle after production fell by up to 80 per cent in some areas of Italy, a farmers’ cooperative said.

    Silvio Bandinelli of the Tuscan Olive Growers Coop said: ‘The new oil will cost 2-3 euro more per litre compared to last year, or an average of 10 euro a litre.

    Some producers have decided not produce extra virgin because the flavour of the oil will be too acidic. Others have cut their losses by not harvesting at all, according to the Confederation of Agricultural producers in Italy (CIA).

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    A wet summer and fruit fly blight had led to a bad olive harvest in Italy. Some producers of olive oil have chosen not to harvest at all this year and this will bring up the price of a bottle of olive oil by £2, farmers say. The price of olive oil is set to soar after a widespread... 
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  • Saudi rejects 300 tons of Palestinian olive oil

    Saudi Arabian authorities refused on Wednesday to allow 20,000 Palestinian olive oil containers through the Jordanian-Saudi land borders for “not matching the Saudi specifications.”

    Muhammad al-Barqawi, one of the Palestinian olive oil exporters, told Ma’an that the Saudi government refused to allow 15 vehicles carrying olive oil into Saudi Arabian.

    Al-Barqawi said the oil was tested in the Palestinian Ministry of Agriculture laboratories before being exported and that they fit all international standards.

    He said that the Saudi Arabian authorities have been holding the vehicles, carrying more than 300 tons of Palestinian olive oil, since Sunday.

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    Saudi Arabian authorities refused on Wednesday to allow 20,000 Palestinian olive oil containers through the Jordanian-Saudi land borders for “not matching the Saudi specifications.” Muhammad al-Barqawi, one of the Palestinian olive oil exporters, told Ma’an that the... 
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  • Olive Oil kit with reusable packaging

    Gourmet olive oils designer firm Typuglia has created a multifunctional olive oil kit with reusable packaging.

    Each type of bottled oil is color coded to make it easy to distinguish one from another and tagged at the neck with a brief description.

    The bottle is then placed in a layered cardboard cutout that can be later used as a light fixture post-removal.

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    For more information visit www.typuglia.it

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    Gourmet olive oils designer firm Typuglia has created a multifunctional olive oil kit with reusable packaging. Each type of bottled oil is color coded to make it easy to distinguish one from another and tagged at the neck with a brief description. The bottle is then placed... 
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  • US and EU trade agreement could benefit U.S. olive oil industry

    A trade agreement being negotiated between the United States and European Union could benefit U.S. farmers and ranchers in a major way, according to the U.S. Trade Representative’s office. U.S. farm groups have varying takes on the agreement, which is targeted for completion next year.

    A pending trade agreement between the United States and European Union could bring substantial benefits to this country’s agricultural sector, according to trade officials.

    While U.S. farm groups generally support the agreement, there are a host of issues they want it to address.

    First and foremost, the agreement needs to result in truly free trade, said Idaho farmer Jim Tiede, vice president of government affairs for the National Potato Council’s executive committee.

    “The National Potato Council is interested in free trade for everybody but it needs to be free and fair trade,” he said.

    According to a fact sheet from the U.S. Trade Representative’s office, the agreement could double U.S. processed food exports to EU nations, which totaled $5.2 billion in 2013.

    The Transatlantic Trade and Investment Partnership, which is scheduled to be finalized in 2015, seeks to eliminate tariffs and other trade barriers on agricultural, industrial and consumer products.

    The U.S. exported a record $145 billion worth of agricultural products in 2013, including $10 billion to EU nations, “a figure that can and should be much higher,” the USTR fact sheet stated.

    Some U.S. ag products, such as apples and olive oil, face lopsided tariffs when going to EU nations.

    U.S. olive oil faces duties of $1,680 per ton when shipped to the EU while olive oil from the EU faces duties of only $34 per ton when coming to the U.S.

    A little over $1.1 billion worth of olive oil was imported to the U.S. last year and 80 percent of it originated from the EU, according to the American Olive Oil Producers Association.

    “It’s a tremendous disparity,” said AOOPA Executive Director Kimberly Houlding. “We do see an opportunity for olive oil within TTIP.”

    The U.S. olive oil industry also hopes the agreement addresses the issue of fraudulent or mislabeled olive oil entering this country, as well as mandatory labeling and quality standards, Houlding said.

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    A trade agreement being negotiated between the United States and European Union could benefit U.S. farmers and ranchers in a major way, according to the U.S. Trade Representative’s office. U.S. farm groups have varying takes on the agreement, which is targeted for completion... 
    Read More →