• The 2017 Olive Exposium (OE17) was announced

    Olive Exposium 17 pumps up Industry Growth through Targeted Education, Training & Research

    Future direction, insight and innovation… making ideas happen

    It is with great pleasure we invite you to attend Australia’s independent leading olive industry event, the Olive Exposium – jam packed with focus topics, seminars, networking opportunities, education & training workshops, field work, forums & social events at some of the Fleurieu Peninsula’s award-winning wineries, EVOO tasting rooms and restaurants.

    The Exposium is hosted by The Olive Centre and we have partnered with Fleurieu Food to bring you the best of what the Fleurieu region has to offer and what a region it is!

    The OE17 is the biggest event in the Olive Industry calendar. It connects industry representatives throughout the supply chain – growers, processors, researchers, retailers, suppliers, culinary experts & national and international industry professionals.

    By attending this world-class event you will gain valuable insight and knowledge about new and innovative ways to take on your marketing, share ideas, raise the bar of quality, talk to the top researchers, connect with growers and how to make your ideas happen! It’s a very exciting time to be part of the Industry and now we are realising strong prices, strong consumer push for healthy products, growing production levels, improved growing styles, increased international interest for Australia-made & grown, multi-faceted ways products can be sold and developed.

    The OE17 will build optimism and deliver a programme promising to be as outstanding as ever! Key National and International Experts will cover topics like Exporting to China, Modern Marketing Trends & Buyer Behaviours, Breaking down the Cellar Door Experience, Tasting the Science of Olive Oil, Value-adding and much more to be announced over the coming months. Essentially focusing on Grove and Marketing elements are key to big industry growth.

    Networking opportunities and social events will help you to enjoy some of the best locations of McLaren Vale including the d’Arenberg multi-award winning winery and Primo Estate, an icon, in the culinary world of EVOO.

    So come along, mix business with pleasure, and enjoy all that the area has to offer in the stunning Fleurieu Peninsula!

    See the website: www.oliveexposium.com for more information or to book tickets.

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    Olive Exposium 17 pumps up Industry Growth through Targeted Education, Training & Research Future direction, insight and innovation… making ideas happen It is with great pleasure we invite you to attend Australia’s independent leading olive industry event, the Olive... 
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  • Countries celebrate World Olive Day with IOC grants

    In order to bring the IOC closer to its member countries and increase the visibility of the Organisation, on 2 September the Executive Secretariat published a call for proposals for grants to co-finance celebrations of World Olive Day (26 November) in IOC member countries. The idea is to set up an annual celebration of World Olive Day across all member countries, through simultaneous events including the public reading of an official declaration.

    The grant applications sent to the IOC were required to propose a programme that included a press conference or similar event raising awareness of World Olive Day and the public reading of a joint declaration drafted by the Executive Secretariat; in addition, the programme could include events or activities such as seminars, trade fairs; symposiums to discuss the links between olive products and health, olive growing and the environment, the history of olive growing or the olive growing economy; the production of promotional material (brochures, CDs, books, etc.); or inviting international experts to participate in planned activities.

    Of the 16 proposals received, the Evaluation Committee awarded grants to nine initiatives:

    Algeria: Celebration of World Olive Day 2016, inaugurated by the Minister of Agriculture, including a visit to an exhibition in Jijel, a demonstration of the operation of a crushing unit and a tasting of the oil produced, followed by olive tree planting and a press conference.

    Egypt: Press conference, seminar on olive growing and the environment and the health benefits of olive products. (University of Alexandria)

    Spain: Workshop for foreign students at the University of Jaén including a talk on olive oil, with a tasting session and cooking demonstrations. (University of Jaén)

    Greece: Press conference, sensory analysis session and seminar on the health benefits of olive oil, organoleptic quality standards, and quality management. (Kalamata Olive Oil Taste Laboratory)

    Italy: Development of the olive oil quality system (U.n.a.pr.ol): conference on the economic, environmental and legal aspects of appellation of origin procedures.

    Morocco: 5th edition of the International Forum on Olive Oil (Agro-Pôle Olivier (ENA), Meknès): conference highlighting the value of the olive tree biomass: technological innovation and the considerations of a new and renewable energy source.

    Tunisia: Celebration of World Olive Day focusing on the extension of the Tunisian olive growing area to ensure the sustainability of the olive sector (ONH): meeting of the Tunisian sector; planting of 1000 olive feet in nurseries; drawing and photography competition on the subject of olive trees; and the production of a documentary on the history of olive growing in Tunisia.

    Portugal: The organisation of an information session (Casa do Azeite) to present the latest statistics, consumption trends and the health benefits of olive oil, among others, together with an olive oil tasting session.

    Turkey: Visit of an old oil mill, harvest of monumental trees and oil extraction using a press kept at the Museum of Olive Oil; and a conference on the health benefits of olive products, their place in Turkish gastronomy and their historical and economic value for the region and the country – Urla (UZZK).

    The IOC will also celebrate World Olive Day with a ceremony that will be held at the headquarters of the Organisation on 24 November. At this event, the Executive Director will read the common official declaration on the importance of olive trees, their health benefits and their environmental importance. This will also be the subject of a short film prepared for the IOC conference “Olive oil, the liquid gold helping to reduce greenhouse gas emissions”, at COP22 on 16 November. The World Olive Day ceremony will also include a tribute to Professor Shimon Lavee, who twice held office as the IOC Chairperson and who contributed considerably to the activities of the Organisation and to the development of the sector. A reception will be held afterwards for participants, the press and the members of the diplomatic corps.

    source IOC

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    In order to bring the IOC closer to its member countries and increase the visibility of the Organisation, on 2 September the Executive Secretariat published a call for proposals for grants to co-finance celebrations of World Olive Day (26 November) in IOC member countries. The... 
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    Producer Prices - Olive Oils

    Graph 1 tracks the weekly movements in prices paid to producers for extra virgin olive oil in the top three European producing countries and Tunisia, while Graph 3 shows the weekly changes in producer prices for refined olive oil in the main three EU producers. The monthly price movements for these grades of oil are tracked in Graphs 2 and 4.

    Extra virgin olive oil – Producer prices in Spain increased at a constant rate over the last few weeks coming in at €3.37/kg at the end of November 2016, which is a 10% year-on-year increase. If we compare this price with the maximum amount for the third week in August 2015 (€4.23/kg) it shows a 20% decrease (Graph 1).

    Italy – Producer prices in Italy started to climb at the beginning of August, intensifying at the beginning of November and breaking the €5 barrier at €5.75/kg at the end of November. This is a 70% year-on-year increase.
    Graph 2 shows how the monthly prices of extra virgin oil behaved in recent crop years.

    Greece – Prices in Greece remained stable from mid-August until the beginning of November but, as in other markets, started to climb in recent weeks to come in at €3.46/kg at the end of November 2016, which is a 21% year-on-year increase.

    Tunisia – The prices in Tunisia had remained stable over the last few weeks, but then started to climb up to €3.68/kg at the end of November, which is a 12% increase compared to the same period the previous year.

    Refined olive oil: The prices of refined olive oil in Spain and Italy generally follow the same trend as the price of extra virgin olive oil. In Spain, they came in at €3.25/kg, which was a 10% increase on the same period the previous year. However, while prices for virgin oils in Italy rose in recent weeks, refined olive oil remained stable, coming in at €3.21/kg at the end of November, whereby there is no year-on-year change.

    No price data are available for this product category in Greece. At the end of November 2016 the price of refined oil (€3.25/kg) and extra virgin oil (€3.37/kg) differed by €0.12/kg.

    In Italy, the difference in price between the two categories is wider than in Spain at €2.54/kg (Graph 3).

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    Source: International Olive Council MARKET NEWSLETTER No 110 – November 2016

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    Graph 1 tracks the weekly movements in prices paid to producers for extra virgin olive oil in the top three European producing countries and Tunisia, while Graph 3 shows the weekly changes in producer prices for refined olive oil in the main three EU producers. The monthly price... 
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  • World Trade in Olive Oil and Table Olives – 2015/16

    OLIVE OIL As can be seen in the table below, at the close of the 2015/16 crop year (October 2015 – September 2016) imports of olive oil and olive pomace oil in the eight markets that appear in the table below presented a year-on-year increase of 18% in Australia, 12% in China, 8% in Canada, 7% in the United States and 4% in Russia, whereas they fell in Brazil (-25%) and Japan (-8%).

    In the EU1, the 11-month figures for the current crop year (October 2015–August 2016) showed a 6% drop in intra-EU acquisitions and a 56% drop in extra-EU imports compared to the previous crop year.
    11
    2. TABLE OLIVES – 2015/16

    At the close of the 2015/16 crop year (October 2015–September 2016) imports in table olives in the six markets that appear in the table below presented a year-on-year increase of 9% in Australia, 3% in Canada and 1% in the United States. Imports however decreased by 1% in Brazil and 3% in Russia.

    EU2 data for the first eleven months of the 2015/16 crop year (October 2015 – August 2016) present a year-on-year increase in intra-EU acquisitions of 3% and extra-EU imports of 3%.
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    Source: International Olive Council MARKET NEWSLETTER No 110 – November 2016

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    OLIVE OIL As can be seen in the table below, at the close of the 2015/16 crop year (October 2015 – September 2016) imports of olive oil and olive pomace oil in the eight markets that appear in the table below presented a year-on-year increase of 18% in Australia, 12% in China,... 
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  • World olive oil balances for the 2015/16 and 2016/17 crop years

    The 2015/16 crop year opened with 277 000 t of olive oil held in world stocks. World production is assessed at 3 159 500 t, up by 29% compared to 2014/15 (+ 701 500 t). The figure for the aggregate olive oil production of the IOC member countries stands at 2 964 500 t, equal to 94% of the world total.

    EU olive oil production is assessed at 2 322 000 t, up by 62% year-on-year. The individual figures show Spain in first place with 1 401 600 t, followed by Italy with 474 600 t, Greece with 320 000 t, Portugal breaking the 100 000 t barrier with 109 100 t, Cyprus with 6 000 t, Croatia with 5 500 t and Slovenia with 500 t. Overall output in the rest of IOC Members fell by 23%.

    111111

    The leader of the group is Turkey with 143 000 t, followed by Tunisia (140 000 t), Morocco (130 000 t), Algeria (83 500 t at a constant increase), Jordan (29 500 t), Egypt (25 000 t), Lebanon (23 000 t), Argentina (19 000 t), Libya (18 000 t), Israel (15 000 t), Albania (10 500 t) and Iran (5 000 t). Production volumes in the remaining Members are on a smaller scale. Chart I shows the trend in world production, broken down by three producer groups: EU/IOC Members, other IOC Members and non-IOC Members.

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    The 2015/16 crop year opened with 277 000 t of olive oil held in world stocks. World production is assessed at 3 159 500 t, up by 29% compared to 2014/15 (+ 701 500 t). The figure for the aggregate olive oil production of the IOC member countries stands at 2 964 500 t, equal... 
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  • EVOOLEUM. World’s TOP 100 Extra Virgin Olive Oils is an international competition

    EVOOLEUM. World’s TOP 100 Extra Virgin Olive Oils is an international competition for the quality of extra virgin olive oils, which will select the 100 best EVOOs in the World. Thus, a group of expert tasters renowned worldwide will be in charge of conducting the valuation of the organoleptic quality of the juices presented, where there will be every season the exclusive TOP100 of the best extra virgins of the world, and the best on their different categories and geographic areas.

    It can be presented to the contest the extra virgin olive oil exclusively from individual producers, producers associations and production companies as long as these olive oils are registered for sale under a commercial brand.

    HOW TO PARTICIPATE
    – Registration is open until February 28, 2017. Samples must reach to the destination by that date.
    – The registration fee is 195 € per sample presented.
    – The EVOOs submitted should come from a batch of at least 2,500 liters, stored in the oil mill.
    – Once read the Contest rules (RULES), fill out the online form attached (REGISTRATION FORM), following the instruction. Each submitted – sample will be assigned a keyword.
    – Once registered, and with the assigned key, you should send three colored 500ml. bottles of each of the samples submitted, along with the bottle or commercial packaging of the brand. Also attach the analytic bulletin with the determinations indicated in the Contest rules.
    – Send it by courier to the following address:
    CONCURSO EVOOLEUM
    Escuela de Hostelería de Córdoba. Antigua Lonja Municipal
    C/ Campo Madre de Dios, s/n. 14002 Córdoba (España)
    Once received the physical samples, we will send a confirmation mail.

    How to register
    The competition has its own website with versions in Spanish and English, www.evooleum.com/en, notable for its elegant design, simplicity, cleanliness and clarity. In it those interested can find detailed information about the competition and the contest as well as the registration form and composition of the Tasting Panel.

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    EVOOLEUM. World’s TOP 100 Extra Virgin Olive Oils is an international competition for the quality of extra virgin olive oils, which will select the 100 best EVOOs in the World. Thus, a group of expert tasters renowned worldwide will be in charge of conducting the valuation... 
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  • The decline in olive oil revenues in Tunisia has played role in country trade deficit

    Tunisia’s trade deficit has worsened during the first ten months of 2016 to 10,781.2 million Tunisian dinars (MTD), compared with 10,237 MD in the same period 2015, according to the results of foreign trade published by the National Institute of Statistics.

    As a result, import coverage by exports declined by 0.5 percentage points to 68.4% from 68.9% in the same period of 2015.

    This trade deficit is due to the deficit recorded in the energy balance (2,672.5 MTD compared to 2,947.8 MD in 2015), which represents 24.8% of the overall deficit and also in the balance of food (-884 MTD against a surplus of 143.3 MD in 2015), due to the decrease in the quantities of exported olive oil.

    Exports of agricultural and food products fell by 31%, following the decline in olive oil revenues (662.9 MTD in 2016 compared with 1,785.6 MTD in 2015).

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    Tunisia’s trade deficit has worsened during the first ten months of 2016 to 10,781.2 million Tunisian dinars (MTD), compared with 10,237 MD in the same period 2015, according to the results of foreign trade published by the National Institute of Statistics. As a result, import... 
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  • 6th International Extra Virgin Olive Oil Competition – Ovibeja Award 2016

    Beja in Portugal, will host the 6th International Extra Virgin Olive Oil Competition – Ovibeja Award 2016, April 21 – 25.

    COMPETITION RULES
    Extra Virgin Olive Oils presented by individual producers, producers associations, cooperatives and packers can participate in the competition.

    1 – OLIVE OILS ACCEPTED IN THE COMPETITION
    1.1 – Will only be accepted in the competition Extra Virgin Olive Oils belonging to the 2015/2016 producing campaign and that meet the requirements of quality and authenticity established by Regulation (EEC) No 2568/91 and its amendments.
    1.2 – The extra olive oils in the competition must come from a homogeneous batch of, at least, 3000 liters, stored in a single deposit.
    1.3 – Each participant can only submit one Extra Virgin Olive Oil in each category (Intense Greenly Fruity, Medium Greenly Fruity, Mild Greenly Fruity and Ripely Fruity)

    2 – OBLIGATIONS OF COMPETITORS
    2.1 – Each competitor must fill in all the Registration Form (Appendix I)
    2.2 – Each competitor is responsible for the sampling, and the sampling will be certified by an official declaration of a suitable legal figure (Certification Company, association of producers, notary or equivalent). The model statement is in Appendix II
    2.3 – Representative samples of the batch in competition should be collected and presented in the following amounts: 5 samples of 500ml and 2 samples of 100ml.
    Samples should be collected in dark glass containers, provided with an opening system that loses its integrity after the first use.

    Each sample collected must be closed and shall bear a label showing a code number (digits and letters) to identify the participant, assigned by the entity that does the official statement mentioned in section 2.2.

    2.4 – A 100 ml sample should be sent to a certified laboratory to perform a chemical analysis (the following parameters, at least, should be analyzed: free acidity, peroxide value, K232, K270, ∆K, stigmastadiene and sterols)

    2.5 – A 500 ml sample should be sent to an olive oil tasting panel recognized by the IOOC to carry out organoleptic assessment according to the Regulation (EEC) No 2568/91 and its amendments, issue a certificate with the corresponding classification of the olive oils, as well as the median of the intensity and type of the fruity attribute.

    2.6 – To send to the secretariat of the competition:
    – Registration Form (Appendix I)
    – Official Statement of the collection of samples (Appendix II)
    – Technical Sheet (Appendix III)
    – Testing certificate and sensory analysis certificate, specifying the category for which the olive
    oil is entered
    – Three (3) samples of 500 ml

    2.7 – Competitors should retain the fifth sample of 500 ml and the second sample of 100 ml to cover for any loss or damage during transportation.

    3 – STAGES OF THE COMPETITION
    3.1 – The olive oils received will be classified according to type (green or ripe) and intensity of the fruity, in the following categories:
    a) Greenly fruity divided into the following categories: Intense fruitiness…………..m > 6
    Medium fruitiness……….3 ≤ m ≤ 6 Mild fruitiness …………….< 3 b) Ripely fruity 3.2 – The olive oils will be evaluated by an international jury, whose composition will shortly be published by the organization. 3.3 – The meeting of the jury will take place in Beja, Portugal, in date and place to be determined by the organization. 3.4 – Within each category, the six olive oils with higher scores will get the following prizes: GOLD Medal – highest scoring olive oil SILVER Medal – second highest scoring olive oil BRONZE Medal – third highest scoring olive oil HONOR MENTIONS – fourth, fifth and sixth highest scoring olive oils 3.5 – The minimum score for entitlement to a prize shall be 70 for the intense and medium green fruitiness categories, 65 for the mild green fruitiness category and 60 for the ripe fruitiness category. 3.6- All awarded olive oil will be chemically analyzed according to Reg. (CEE) no 2568/91 and its amendments to confirm the authenticity and quality requirements. 3.7 – In the case of tie the olive oil with lowest free acidity shall be chosen. If the tie persists, the olive oil with the lowest peroxide value shall be chosen. 3.8 – The decision of the jury shall be final and shall not be open to appeal.4 – CLOSING DATE FOR REGISTRATION
    The period open for registration and the presentation of samples shall end on 26th February 2016.

    5 – AWARD OF PRIZES
    The awards ceremony will take place during Ovibeja, date and place to disclose at the time by the Organization.

    6 – ACCEPTANCE
    Participation in the 6th International Competition of Extra Virgin Olive implies acceptance the present rules.

    7 – FEE
    This competition is FREE OF ANY CHARGE.

    8 – SECRETARIAT OF THE COMPETITION
    “6th International Extra Virgin Olive Oil Competition – Ovibeja Award 2016”
    Rua Castilho, 69, R/C Esq. 1250-068 Lisboa
    PORTUGAL
    Telefone: (+351) 213 841 810 Fax: (+351) 213 861 970
    E-mail – geral@casadoazeite.pt

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    Beja in Portugal, will host the 6th International Extra Virgin Olive Oil Competition – Ovibeja Award 2016, April 21 – 25. COMPETITION RULES Extra Virgin Olive Oils presented by individual producers, producers associations, cooperatives and packers can participate in the... 
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  • WORLD TRADE in TABLE OLIVES - 2015/16 CROP YEAR

    Imports in table olives in the first 11 months of the 2015/16 crop year (October 2015 – August 2016) in the six markets that appear in the table below presented a year-on-year increase of 7% in Australia, 3% in Canada and a 1% increase in the United States. However, imports decreased by 4% in Brazil, and by 2% in Russia.

    EU data for the first ten months of 2015/16 (October 2015 – July 2016) present a year-on-year increase of 2% in intra-EU acquisitions and of 3% in extra-EU acquisitions.

    II. PRODUCER PRICES – OLIVE OILS

    Graph 1 tracks the weekly movements in prices paid to producers for extra virgin olive oil in the top three European producing countries and Tunisia, while Graph 3 shows the weekly changes in producer prices for refined olive oil in the main three EU producers. The monthly price movements for these two grades of oil are tracked in Graphs 2 and 4.

    Extra virgin olive oil: Producer prices in Spain fell slightly in the last few weeks coming in at €3.14/kg in the third week of October, which is a 1% year-on-year decrease. If we compare this price with the maximum price of the third week in August 2015 (€4.23/kg) it presents a 26% decrease (Graph 1).
    1
    Italy – Producer prices in Italy started to climb in mid-August, which intensified at the beginning of October, breaking the €4 barrier to reach €4.40/kg in mid-October, at the same level year-on-year. Graph 2 shows how the monthly prices of extra virgin olive oil behaved in recent crop years.
    2
    Greece – Prices in Greece have remained stable since mid-August, standing at €2.95/kg in the third week of October 2016, which was a 10% year-on-year decrease.

    Tunisia – The prices in Tunisia fell in August 2016 before rising in the first three weeks of September. They have remained stable over the last few weeks, standing at €3.23/kg in the third week of October 2016, which is a 13% decrease compared to the previous year.

    Refined olive oil: The prices of refined olive oil in Spain and Italy generally follow the same trend as the
    price of extra virgin olive oil. In Spain, they came in at roughly the same level as the previous month, at €3.04/kg,
    down by 10% compared to the previous year. However, while prices for virgin oils in Italy rose in recent weeks,
    refined olive oil remained stable, coming in at €3.13/kg in mid-October, which is a 7% fall on the same period the
    previous year. No price data are available for this product category in Greece.
    In mid-October 2016, the price of refined olive oil (€3.04/kg) and extra virgin olive oil (€3.14/kg) differed by
    €0.10/kg in Spain. In Italy, the difference in price between the two categories is wider than in Spain at €1.27/kg
    (Graph 3).

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    Source: International Olive Council MARKET NEWSLETTER No 108 – October 2016

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    Imports in table olives in the first 11 months of the 2015/16 crop year (October 2015 – August 2016) in the six markets that appear in the table below presented a year-on-year increase of 7% in Australia, 3% in Canada and a 1% increase in the United States. However, imports... 
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  • IOC participation in COP22 and Seminar

    The IOC will participate in COP22, which will be held from 7 to 18 November 2016 in Marrakech. The Conference of the Parties (COP) is an annual conference on climate change organised under the auspices of the United Nations.

    The twenty-second conference (COP22) will focus on the mitigation of the effects of global warming and innovation in relation to climate change. The IOC will present its paper “Olive oil: the liquid gold helping reduce greenhouse gases” on 16 November from 9.00 to 10.30 hours, in the Green Zone area for side events.

    The IOC will present results that indicate that when the proper agricultural practices are applied, the carbon sink effect (i.e. CO2 sequestration) of the olive tree (in its biomass and the soil) is much higher than the greenhouse gases emitted to produce one production unit (one litre of virgin or extra virgin olive oil).

    INTERNATIONAL SEMINAR ON XYLELLA FASTIDIOSA
    The IOC will hold a seminar in collaboration with CIHEAM on the bacterium Xylella Fastidiosa from 28 to 30 November 2016 in Bari (Italy)

    The objectives of the seminar, in addition to providing an overview of the current situation and the development of this disease, are to produce recommendations and conclusions and draft a technical handbook containing general guidance to prevent, identify, contain and control an infestation like that of Xylella fastidiosa.

    This handbook will be decisive for the implementation of all the protocols available to protect the olive tree from this bacterium and will be a useful instrument, not only for the relevant control and certification authorities, but also for sectoral technical officers.

    International Olive Council

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    The IOC will participate in COP22, which will be held from 7 to 18 November 2016 in Marrakech. The Conference of the Parties (COP) is an annual conference on climate change organised under the auspices of the United Nations. The twenty-second conference (COP22) will focus on... 
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  • Spain is the first global producer and exporter of olive oil and olive pomace

    Spain has increases its extra-EU exports of olive oil and olive pomace oil by 20% in the first 11 months of 2015/16 (October 2015-August 2016), compared to the previous crop year.

    The top five export destinations which post increases (by order of volume) are the United States, where Spain has taken the lead with a 43% year-on-year increase, followed by China (+30%), Japan (+4%), Australia (+41%) and Mexico (+8%).

    It should be noted that intra-EU sales have also increased in exports to France (+10%), Germany (+49%), the United Kingdom (+2.5%), and Belgium (+10%).

    2016-10-31_1623

    The imports of olive oil and olive pomace oil by the United States, a month off the end of the crop year, are looking to set record highs. Over the first 11 months of the crop year (October 2015 – August 2016) it has recorded a total of 306 844.1 t.

    Of these imports, 98% come from IOC member countries, of which 83% from EU countries and 15% from the other Members. Spain leads this market for the first time with a 32% increase compared to the same period the previous year, followed by Italy, Tunisia, Morocco and Greece.
    2016-10-31_1623One month before the end of the 2015/2016 crop year, imports of olive oil and olive pomace oil by China have increased by 11% compared to the same period the previous year. Graph II shows the monthly import rates of the last two campaigns.

    European countries supplied 97% of these imports, with Spain leading the market, with a 19% year-on-year increase, followed by Italy, up by 5%, Greece, Australia, Morocco, Turkey, Tunisia and Portugal. In relation to oil categories, 77% consisted of virgin olive oil
    (150910), 8% by olive oil (150990) and 15% by olive pomace oil (151000).

    Source: International Olive Council MARKET NEWSLETTER No 108 – October 2016

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    Spain has increases its extra-EU exports of olive oil and olive pomace oil by 20% in the first 11 months of 2015/16 (October 2015-August 2016), compared to the previous crop year. The top five export destinations which post increases (by order of volume) are the United States,... 
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  • 'Raj Olive Oil' - India's first indigenous olive oil brand

    After eight years of harnessing olive saplings brought from Israel, Rajasthan is all set to launch next month its own brand olive oil, which it claims, will be the country’s first indigenously-produced brand.

    “The state will be launching its olive oil under the brand ‘Raj Olive Oil’ at the Global Rajasthan Agri-tech Meet (GRAM),” state Agriculture Minister Prabhu Lal Saini said.

    After the product’s launch, the state will work on avenues to market it and seek cooperation from experts to increase its production.

    According to agriculture officials, the state till date has auctioned more than nine tonnes of olive oil and plans to market 4,500 litres under ‘Raj Olive’ at GRAM through Rajasthan Olive Cultivation Limited (ROCL)- a venture of the state government, India-based Finolex Plasson Industries, and Indolive Industries of Israel.

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    After eight years of harnessing olive saplings brought from Israel, Rajasthan is all set to launch next month its own brand olive oil, which it claims, will be the country’s first indigenously-produced brand. “The state will be launching its olive oil under the brand... 
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  • Croatian Olive oil from Šolta among EU protected products

    The newest addition on the list of EU protected Croatian products is olive oil from Šolta, added into the registry on 21 October, 2016.

    Already on Croatia’s list of indigenous goods, protected designations of origin and protected geographical indications are prosciutto from Krk, extra virgin olive oil from Cres, mandarins from Neretva, sour cabbage / sauerkraut from Ogulin, kulen from Baranja, potatoes from Lika, prosciutto from Istria, prosciutto from Drniš, Dalmatian prosciutto, soparnik, zeljanik or uljenjak from Poljica, turkey from Zagora, and the recently added olive oil from Korčula and lamb from Pag. Lucky for us, we can now add another: olive oil from the island of Šolta.

    Šolta is in the Official Journal of the European Union as of 21 October 2016, with “Šoltanska olive oil” being registered under protected designations of origin and protected geographical indications, reports Slobodna Dalmacija.

    “Šoltanska olive oil” is oil produced from the fruits of indigenous varieties of Levantinka olives and forms. The Levantinka variety must be represented by at least 50% of shares, and the share of Levantinka and Oblica varieties together must make up at least 95% of the olive oil.

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    The newest addition on the list of EU protected Croatian products is olive oil from Šolta, added into the registry on 21 October, 2016. Already on Croatia’s list of indigenous goods, protected designations of origin and protected geographical indications are prosciutto from... 
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  • Italian Olive Oil Union Anticipates Poor 2016 Harvest

    Forecasts for Italian olive oil production this year are pessimistic, according to Unaprol-Consorzio Olivicolo Italiano, the National Union of Olive Oil Producers, which represents the sector.

    According to the group, the 2016 harvest is going to decrease by 37% (298,000 tonnes), if compared with last year.

    The southern part of the country, a traditional producer of olive oil, will suffer more than the North. In Apulia, a decrease of 40% is estimated, because many olive trees are being damaged by bacterium Xylella fastidiosa.

    A worse harvest is predicted in Sicily (-42%) and Campania (-49%), however Veneto will grow 30% more than 2015.

    Italy is the second biggest producer of olive oil in the world, after Spain.

    European Supermarket Magazine

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    Forecasts for Italian olive oil production this year are pessimistic, according to Unaprol-Consorzio Olivicolo Italiano, the National Union of Olive Oil Producers, which represents the sector. According to the group, the 2016 harvest is going to decrease by 37% (298,000 tonnes),... 
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  • The shift to mechanization has spurred growth in California olive oil production

    The amount of land devoted to olives grown for oil will increase by about 3,500 acres a year through 2020, according to estimates from the California Olive Oil Council.

    The shift to mechanization has spurred major growth in California olive oil production, but the trend has been slow to take root in the table olive sector, which continues to struggle with declining acreage.

    Super-high-density olive varieties, which allow the fruit to be harvested by machine, now produce most of the state’s olive oil and make up the vast majority of new plantings.

    Not only have those plantings reduced labor costs, but growers also have the ability to produce very high-quality olive oil on a large scale, said Gregg Kelley, president and CEO of Chico-based California Olive Ranch, the nation’s largest olive oil producer.

    “That’s what has enabled us to compete,” he said. “Without mechanical harvesting, we just don’t have a significant industry in California.”

    The company, which started harvest this week, produces between two-thirds and three-quarters of the nation’s olive oil, nearly all of which comes from California. Still, foreign oils continue to dominate U.S. grocery store shelves, with California olive oil accounting for just 5.8 percent of what U.S. consumers buy, according to the California Olive Oil Council.

    That may not sound like much, but the number is significant, said the council’s Executive Director Patricia Darragh, noting that the U.S. is now the second-largest market for olive oil consumption behind the European Union. Just a few years ago, California’s share of that market was a mere 1 percent.

    “California has made remarkable inroads into this market,” she said.

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    The amount of land devoted to olives grown for oil will increase by about 3,500 acres a year through 2020, according to estimates from the California Olive Oil Council. The shift to mechanization has spurred major growth in California olive oil production, but the trend has been... 
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  • Weekly movements in prices paid to producers for extra virgin olive oil

    Graph 1 tracks the weekly movements in prices paid to producers for extra virgin olive oil in the top three European producing countries and Tunisia, while Graph 3 shows the weekly changes in producer prices for refined olive oil in the main three EU producers. The monthly price movements for these twogrades of oil are tracked in Graphs 2 and 4.

    Extra virgin olive oil: Producer prices in Spain rose slightly in the last few weeks to reach €3.18/kg in the last week of September, which is a 21% year-on-year decrease. If we compare this price with the minimum price of the third week of May 2014 (€1.96/kg) it presents a 62% increase and a 25% decrease in comparison with the maximum (€4.23/kg) (Graph 1).
    gr1Italy – Producer prices in Italy started to climb in mid-August, to reach €3.92/kg at the end of September 2016, which is a 26% year-on-year decrease. Graph 2 shows how the monthly prices of extra virgin olive oil behaved in recent crop years.

    Greece – Prices in Greece have remained stable since mid-August, coming in at €2.95/kg at the end of September 2016, which was a 12% year-on-year decrease.

    Tunisia – The prices in Tunisia fell in August 2016 before rising in the first three weeks of September, letting off somewhat in the second to last week to settle at €3.23/kg at the end of September 2016, which is a 13% decrease compared to the previous year.

    gr2gr3
    gr4Refined olive oil: The prices of refined olive oil in Spain and Italy follow the same trend as the price of extra virgin olive oil. In Spain, following a sharp drop, there was a slight upturn in the third week of January 2016. This levelled off but after the first week in July prices began to rise again, slowing down   in the last week, to settle at €3.03/kg at the end of September.

    This is a 15% decrease compared with the same period the previous year. Prices in Italy followed the same trend as in Spain and the prices at the end of September 2016 settled at €3.13/kg, which was a 20% year-on-year decrease. No price data are available for this product category in Greece.

    At the end of September 2016, the price of refined olive oil (€3.03/kg) and extra virgin olive oil (€3.18/kg) differed by €0.15/kg in Spain. In Italy, the difference in price between the two categories is wider than in Spain at €0.79/kg (Graph 3).

    Source: International Olive Council MARKET NEWSLETTER No 108 – September 2016

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    Graph 1 tracks the weekly movements in prices paid to producers for extra virgin olive oil in the top three European producing countries and Tunisia, while Graph 3 shows the weekly changes in producer prices for refined olive oil in the main three EU producers. The monthly price... 
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  • Olive oil performance in 2015/16 and olive oil and table olive estimates for 2016/17

    The meeting of the IOC Statistics Working Group was held on 3 October. The figures reported here for 2015/16 take into account the data provided by Members but are as yet provisional since the crop year has just ended. The resultant data indicates a tonnage of 3152000t for world production (28% or 694 000 t more than in 2014/15), 2963500t for consumption (+4%), and 802000t and 791000t respectively for imports and exports.

    IOC member countries produce a total of 2957000t, which represents 94% of the world total for this crop year, while EU countries as a whole accounted for 2315500t (+61%), lead by Spain with 1397900t (+66%), followed by Italy 470000t (+112%), Greece with 320000t (+7%) and Portugal with 109 000 t (+79%). Note should be taken of the increase in production in Portugal, set to achieve its highest production figures in the last 25 years.

    In the other IOC member countries, production decreased overall by 23%, with a total of 642 500 t. Turkey is in the lead with 143000t (- 11%), followed by Tunisia with 140000t (-59%), Morocco with 130 000 t (+8%), and Algeria with 83500t (+20%). The output of the rest of the IOC membership adds up to 146000t.

    Consumption in the IOC member countries totalled 2159000t, which is an 8% increase in comparison with 2014/2015, while in non-member countries it was of approximately 804000t, decreasing by 5% season-on-season.

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    The meeting of the IOC Statistics Working Group was held on 3 October. The figures reported here for 2015/16 take into account the data provided by Members but are as yet provisional since the crop year has just ended. The resultant data indicates a tonnage of 3152000t for world... 
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