Daily Archives: November 23, 2014

  • Slim pickings for olive crop in Cyprus

    Unfavorable weather conditions that have taken a toll on most of the Mediterranean region’s olive oil making have not left Cyprus unscathed with production this year expected to be at least 30% lower than last year.

    Speaking to The Cyprus Weekly, general manager of Olive Product Producers Organisation SEKEP Maria Demetriadou said final production levels for this year had yet to be formulated “but it is expected to be reduced by as much as last year’s 30% reduction and maybe even more”.

    Demetriadou noted the 30% drop in production in 2013 compared to 2012 had followed a 12% reduction in production between that year and 2011.

    She said figures were this year expected to be low enough to all but guarantee Cyprus would be lucky to cover its own olive oil needs and that it was unlikely enough of the product would be produced for export.

    While other countries in the Mediterranean have been affected by calamitous blights of the olive fly and olive moth, Demetriadou said the fall in production in Cyprus had been purely due to the weather – a lack of rain.

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    Unfavorable weather conditions that have taken a toll on most of the Mediterranean region’s olive oil making have not left Cyprus unscathed with production this year expected to be at least 30% lower than last year. Speaking to The Cyprus Weekly, general manager of Olive Product... 
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  • Disfruta España, a digital platform to promote the Spanish culture and cuisine

    Pedro Larumbe restaurant in Madrid hosted yesterday the presentation of Distruta España (Enjoy Spain), a promotional digital platform (www.disfrutaespana.org) which includes for the first more than 3,000 pages, with social networks in six languages and video channels in which are registered over 20,000 establishments.

    Another distinctive feature of this platform is the updated inventory gathered during an investigation by industry experts, followed by a process of enhancement, which lasted three years, as reported by Zuloaga Foundation and the Spanish National Hostelry Federation (FEHR), drivers of this initiative.

    This website includes pages about 668 historic sites, 209 natural sites, 147 traditional festivials, current and traditional local cuisine of 650 towns, all of the wines and foods with Protected Designation of Origin (PDO) in Spain, an inventory of (15 disciplines), sports of nature, and a selection of local stories and legends.

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    Pedro Larumbe restaurant in Madrid hosted yesterday the presentation of Distruta España (Enjoy Spain), a promotional digital platform (www.disfrutaespana.org) which includes for the first more than 3,000 pages, with social networks in six languages and video channels in which... 
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  • The ups and downs of olive oil prices in Greece

    Last week the olive oil price, went up touching the threshold of 4 euros/ kilo. More specifically, the Athinoelia variety, popular in the Italian industry, was sold for 3,9756 euros/ kilo, at auction held at the Agios Dimitrios- Talanta Monemvasia cooperative (South Laconia, Peloponnese).

    In the meantime, different areas in Greece have seen fresh olive oil from Koroneiki variety of olives climbing as far as 3,5 euros/ kilo (3,65 delivery to Italy by adding transport costs)

    This week brings falling prices and steep reductions in demand and buying concern by the part of the Italian industry and commerce. As a result, Koroneiki olive oil prices went from 3,65 to 3,30 euros/ kilo (always for delivery to Italy, which means 0,15 for the miller and even lower for the producer).

    In Crete, where the harvest and milling has just started, prices seem to move to slightly lower rates.

    At the same time, the first olive oil sales in Tunisia are shipped to Italy at 2,93 euros/ kilo, a price which is considered high by the bottling industry.

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    Last week the olive oil price, went up touching the threshold of 4 euros/ kilo. More specifically, the Athinoelia variety, popular in the Italian industry, was sold for 3,9756 euros/ kilo, at auction held at the Agios Dimitrios- Talanta Monemvasia cooperative (South Laconia,... 
    Read More →