Monthly Archives: May 2017

  • Nowadays, Spain dominates on Russian olive oil market with 56% of share

    The olive oil market is immersed in a process of consolidation in Russia, where the two main competitors, Spain and Italy, jointly concentrate a growing share both in terms of value and volume. Nowadays, Spain dominates the Russian market with 56% of share, although the Italian oil has burst with great force in the last years, reaching a share of 30%, according to a study of ICEX España Exportación y Inversiones.

    El estudio destaca que en Rusia se consume principalmente aceite de girasol y el país ha aplicado políticas para reducir la dependencia del exterior de este producto con éxito y se ha convertido en unos de los principales productores a nivel mundial. “>The study highlights that in Russia sunflower oil is consumed mainly and the country has successfully implemented policies to reduce external dependence of this product and has become one of the main producers worldwide.

    article source mercacei

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    The olive oil market is immersed in a process of consolidation in Russia, where the two main competitors, Spain and Italy, jointly concentrate a growing share both in terms of value and volume. Nowadays, Spain dominates the Russian market with 56% of share, although the Italian... 
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    Spanish organizations disagreement with the new EU Organic Production Regulation

    Eight Spanish entities that bring together almost 80% of the Spanish organic sector have jointly signed a statement, addressed to the Minister of Agriculture, Food and Environment, Isabel García Tejerina, stating their disagreement with the draft of the new European Regulation on Organic Production and the Labeling of Organic Products.

    In this statement they request that the Minister should vote against the agreement to this document in the Special Committee of Agriculture so that it continues working in the deficiencies that the text presents. This seems the perfect timing because today there is a meeting between the Ministers of Agriculture of the member countries of the European Union to vote for or against the new draft of the Regulation of Organic Production and the Labeling of Organic Products.

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    Eight Spanish entities that bring together almost 80% of the Spanish organic sector have jointly signed a statement, addressed to the Minister of Agriculture, Food and Environment, Isabel García Tejerina, stating their disagreement with the draft of the new European Regulation... 
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  • The 2nd Gourmet Olive & Delicacies Exhibition in Greece

    The 2nd Gourmet Olive & Delicacies Exhibition which took place in Thessaloniki, Greece on May 5, 6 and 7 came to a successful end, confirming for the second consecutive year that Gourmet is an exclusive exhibition.

    Over three hundred fine foods and natural personal care products of seventy two artisan Greek producers were showcased in a three-day festive Gourmet exhibition. Extra virgin olive oils, olives, honey, jams, chutneys, spreads, sauces, cheese, spoon sweets, chocolates, herbs, nuts, cookies, handmade pasta, spirits, oils, soaps and many more natural personal care products, aromatic plant syrups, olive oil and balsamic pearls, premium mushroom products, all from dynamic businesses earn a place in the Greek specialty food basket for the world-wide consumer.

    International buyers, local wholesalers, restaurant owners, delis, hotel professionals and the public had the opportunity to discuss with the producers at length learning about their products and their history, tasting and enjoying traditional and innovative foods.  Commercial visitors participated in a series of select interactive activities, in order to further master the special characteristics and uses of each type of product exhibited. Master Classes, presentations and tastings especially designed for business audiences and food journalists, included Products which travel, Macedonian Land, New Applications, Locally-sourced Production, and Vegetarian Diet. A seminar on making soaps and cosmetics with edible materials attracted the attention of the public. Thehe Mentoring Corner, where professional personal advice to exhibitors and buyers alike were offered to all interested parties was a great success. Finally, all visitors were eligible to sign up for a session at the Olive Bar professional tastings, or the Chef Shows where famous professionals demonstrated new and exciting recipes.

    The 2nd Gourmet Olive & Delicacies Exhibition attracted the media and a great number of journalists from Northern Greece as well as Athens covered the event in person.

    For more information please visit: www.gourmetoliveexhibition.com

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    The 2nd Gourmet Olive & Delicacies Exhibition which took place in Thessaloniki, Greece on May 5, 6 and 7 came to a successful end, confirming for the second consecutive year that Gourmet is an exclusive exhibition. Over three hundred fine foods and natural personal care... 
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  • Latest provisional data from the AICA on olive oil price evolution

    Based on the latest provisional data from the Food Information and Control Agency (AICA), we wanted to gather the opinion of several professionals, who have analyzed the evolution during this campaign of a unique market situation.

    The provisional data published by the AICA, facilitated by the Asociación Agraria de Jóvenes Agricultores (Asaja) of Jaén, detail that Spain has produced in the first five months of the campaign 1,230,000 tons, whereas in the specific case of Andalusia the accumulated figure is of 1,006,000 tons. The data regarding market outlets is high, with 136,500 tons in February, the second best monthly output so far this year and the second best outlet in the last five seasons.

    Meanwhile, total stocks at the end of February amounted up to 987,300 tons, which means 25,000 tons more than the previous month and 99,100 tons less than the previous season.

    Historic year?
    The CEO of Luque Ecológico, Juan Manuel Luque, believes that this year can go down in history as showing the largest figure for Spanish sales of olive oil, since to the high prices we can add a crop that, although being lower than what some operators expectated, it is among the best ten in History.

    For Juan Manuel Luque, “we can agree that prices are too high, that we are going to lose market share, that bottlers lose money… but the reality, which is very stubborn, shows us that every month there are more kilos of oil and the price is higher and higher.” According to him, “we have the perfect storm heading the olive oil sector and only Spanish producers have the capacity to rise or lower the oil prices worldwide. At this moment it is our responsibility to maintain high but stable price levels. The only thing we know for sure is that the sooner the prices increase, the sooner they will decrease in the same campaign,” he said, while pointing out that “we could choose to continue supplying the market on a continuous basis or to keep the oil and wait for the ridge of the wave hoping that the wave does not fall on us.”
    In his opinion, “large groups -which are the ones with the large quantities of oil- are going to have the responsibility of continuing to supply the market and not let the price soar to levels that we could regret.”

    article source mercacei

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    Based on the latest provisional data from the Food Information and Control Agency (AICA), we wanted to gather the opinion of several professionals, who have analyzed the evolution during this campaign of a unique market situation. The provisional data published by the AICA, facilitated... 
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  • Jordan ratifies its accession to the International Olive Council

    The Office of the United Nations in New York, the depositary of the International Agreement on Olive Oil and Table Olives, 2015, has just informed the Executive Secretariat of the International Olive Council that the Hashemite Kingdom of Jordan ratified said Agreement on 19 April 2017.

    Jordan, which signed the Agreement on 22 December 2016, is an important olive producing country. According to the data provided by its Ministry of Agriculture, approximately 80 000 Jordanian families are employed in the national olive sector. Olive trees occupy close to 72% of the total surface area given over to fruit trees and 36% of Jordan’s arable land. As an integral part of daily life and customs in Jordanian society, a considerable heritage has grown up around olive growing, being one of the country’s most important and oldest crops. Some 15 – 20% of the 17 million olive trees in Jordan were planted in Roman times and are thought to be up to 2 000 years old.

    At 19 April 2017, 13 countries had signed the International Agreement on Olive Oil and Table Olives, 2015, (Algeria, Argentina, Israel, the European Union, Jordan, Lebanon, Libya, Montenegro, Morocco, I.R. of Iran, Tunisia, Turkey and Uruguay). Four of these have notified their provisional application of the Agreement (Algeria, the European Union, Libya and Morocco). Three countries have ratified, accepted or approved it, or have acceded to it definitively (Jordan, Palestine and Tunisia).

    source International Olive Council

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    The Office of the United Nations in New York, the depositary of the International Agreement on Olive Oil and Table Olives, 2015, has just informed the Executive Secretariat of the International Olive Council that the Hashemite Kingdom of Jordan ratified said Agreement on 19 April... 
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