Daily Archives: August 23, 2015

  • Amazing olive oil packaging for Gino’s Garden created by Marios Karystios

    Once a year, Gino Haddad picks a small quantity of olives from his groves in the Rihaneh region of Lebanon. Each batch goes from field to cold-press within six hours of selection; ensuring its status amongst the highest quality oil’s available.

    Oil is produced annually in limited quantity.

    Marios Karystios olive packaging Gino’s Garden’ designboom the handmade packaging is meant to reflect the special quality of ‘Gino’s Garden’ olive oil.

    To reflect Gino’s unique approach, designer Marios Karystios created specific packaging to carry the product. ‘Gino’s Garden’ bottles are ceramic pieces produced in two uneven olive shapes.

    Karystios, with help from Christina Laouri, used mathematical calculations to make the forms not only manufacturable by hand; but perfect for carrying Gino’s olive oil.

    Both designs are produced in Greece by ceramist Stelios Laskaris.

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    details of olive oil pouring3_resize

    the two shapes were optimized using several mathematical calculations6_resize

    detail of tag and cork top1_resize

    the bottles were designed by Marios Karystios4_resize
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    Once a year, Gino Haddad picks a small quantity of olives from his groves in the Rihaneh region of Lebanon. Each batch goes from field to cold-press within six hours of selection; ensuring its status amongst the highest quality oil’s available. Oil is produced annually in limited... 
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  • Global Olive Oil retail prices have risen about 10% in the last 12 months

    Health-conscious consumers beware: a supply squeeze has pushed global prices of olive oil to their highest in nearly a decade and the cost of dressing a salad could rise further due to prospects for another small crop in top producer Spain.

    Commodity prices for virgin olive oil reached €4,099.52 ($4,615) per tonne last week, up more than 60% from a year earlier, according to Spanish industry group La Fundación para la Promoción y el Desarrollo del Olivar.

    Global retail prices have risen about 10% in the last 12 months, Euromonitor research shows.

    “The main reason is a key supply issue, which happened simultaneously in the two most important countries – Spain and Italy,” said Vito Martielli, analyst at Rabobank.
    Crop-damaging droughts last summer shrank the Spanish harvest to 835,000 tonnes, less than half the prior season’s bumper crop of 1.78mn tonnes.

    In Italy, traditionally the world’s No 2 producer, insect-borne bacteria destroyed swaths of olive groves in the southeast and cut production by more than 50% to 222,000 tonnes.
    Olive oil hits highest in nearly a decade
    Global production for 2014/15 dropped by 29%, figures from the International Olive Council (IOC) show, helping to push olive oil’s commodity price to its highest since February 2006.
    The supply crunch was partially eased by unusually large harvests in Greece and Tunisia, as well as ample Spanish stocks from the previous crop.

    But those supplies have now been heavily depleted. Global stocks are expected to dwindle to about 274,000 tonnes by the end of the current 2014/15 season, from 767,500 tonnes a year earlier, the IOC estimates.

    Another heatwave this summer has further pressured European olive crops and fuelled concerns about a second poor harvest in Spain, which produces about 45% of the world’s olive oil.

    Forecasts call for a harvest of about 1.1 to 1.2mn tonnes, slightly below the five-year average of 1.25mn. Analysts say yields could be even smaller if Spain gets insufficient rain before harvesting starts in late October. “The summer has been hot and this hot temperature is not helping the trees, which are under stress,” Martielli said.

    Retail prices for olive oil may climb a further 15 to 20% in the coming months, according to David Turner, global food and drink analyst at Mintel. But this could trigger a consumer pullback and a price correction.

    “The market will struggle if prices keep rising,” Turner said. “I think consumers will then start switching down the value chain. Olive oil is still the healthiest oil and it’s still the gold standard, but it’s not the only oil in town.”

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    Health-conscious consumers beware: a supply squeeze has pushed global prices of olive oil to their highest in nearly a decade and the cost of dressing a salad could rise further due to prospects for another small crop in top producer Spain. Commodity prices for virgin olive oil... 
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