• World Trade in Olive Oil and Table Olives - 2015/16 Crop Year

    1. OLIVE OIL
    Imports of olive oil and olive pomace oil through the first ten months of 2015/16 (October 2015 –July 2016) in the eight markets that appear in the table below show an increase of 10% in Australia, 11% in China, 2 % in the United States and 1% in Canada, compared with the same period the previous year.
    2016-10-07_iocConversely, imports are lower in Brazil (-31%), Japan (-9%) and Russia (-1%).
    Data for the EU in the first nine months of this crop year (October 2015 – June 2016) indicate that intra-EU acquisitions decreased by 8% and extra-EU imports decreased by 51% year-on-year.

    2. WORLD TRADE IN TABLE OLIVES – 2015/16 CROP YEAR
    Imports in table olives in the first ten months of the 2015/16 crop year (October 2015 – July 2016) in the six markets that appear in the table below presented an increase of 4% in Australia and 3% in Canada compared with the same period the previous year. However, imports decreased by 9% in Brazil, by 4% in the United States and by 3% in Russia.

    2016-10-07_ioc_2EU data for the first nine months of 2015/16 (October 2015 – June 2016) present a 2% year-on year increase in intra-EU acquisitions and of 3% in extra-EU acquisitions.

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

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    1. OLIVE OIL Imports of olive oil and olive pomace oil through the first ten months of 2015/16 (October 2015 –July 2016) in the eight markets that appear in the table below show an increase of 10% in Australia, 11% in China, 2 % in the United States and 1% in Canada, compared... 
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  • Italian Olive Oil Production Down by 38%

    Italian olive oil production will drop by 38% in the season 2016/2017, to just 298 million kg, close to the historic low, according to Italian farrmers organization Coldiretti, based on ISMEA/Unaprol data.

    As the second largest olive oil producer, Italy has more than 250 million olive trees, on over one million hectares of land cultivated.

    It also has the greatest number of extra virgin olive oils with denomination (44) in Europe and the widest heritage of olive tree varieties in the world (395).

    Olive oil production is also expected to fall in Greece (-20% to 240 million kg) and Tunisia (-21% to 110 million kg).

    On a positive note, production levels will be on the same level with last year for market leader Spain (1.4 billion kg) and Turkey (+33% to 190 million kg).

    Overall, global olive oil production is expected to drop by 9%, to 2.785 billion kg, with consequent effects on prices.

    source:European Supermarket Magazine

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    Italian olive oil production will drop by 38% in the season 2016/2017, to just 298 million kg, close to the historic low, according to Italian farrmers organization Coldiretti, based on ISMEA/Unaprol data. As the second largest olive oil producer, Italy has more than 250 million... 
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  • OOCC Approves Service Mark

    As the Olive Oil Commission of California begins its third olive oil season, this program which exists to ensure that California olive oil is trusted and valued, is making some changes that will allow more producers to become part of the program and be recognized as members of this important new organization.

    Voluntary Program Offered for Smaller Producers

    Under the Commission law which established the OOCC, olive oil handlers who produce 5,000 gallons or more per year are required to participate in the OOCC’s sampling and testing program. Producers with less than 5,000 gallons are technically exempt from the mandatory requirements of the OOCC. At a meeting of the OOCC in early September, the Board voted to allow handlers with less than 5,000 gallons to participate in the OOCC program if they wish.

    The ultimate goal of the OOCC is to give consumers confidence in California olive oil by verifying the grade of oils produced through a government sampling program. In recent months, the OOCC has heard from smaller producers who want the same thing. In response, the OOCC wanted to find a way to allow any producer – no matter what size — to participate in this government sampling program.

    Currently, members of the OOCC pay an assessment of 14 cents per gallon which covers the government sampling and testing program. As an interim step, the Board voted to charge a fee not to exceed $700 for exempt handlers who voluntarily want to have their oils sampled by the government and tested for the eight quality parameters, plus additional tests for purity as required under the OOCC.

    It should be noted that all producers with 5,000 gallons or more are required to test all lots of oils themselves, using a certified laboratory. Smaller producers are also required to do their own testing. And although they are not required to test their own oils for all eight quality parameters, their oils must meet all quality standards of the OOCC.

    A working group has been formed to develop a fee structure going forward and a system that will make it more economical for smaller producers to participate. The OOCC believes the more producers who are involved in its program the better, because consistent, measurable quality in California olive oil benefits everyone.

    Beginning with the 2016/17 harvest season, the OOCC will allow producers to utilize a service mark on packaging or in marketing materials indicating their involvement in this mandatory program. Many producers had been asking for a way to communicate with their customers about their involvement in this new program which seeks to assure consumers about the quality of California olive oil. The Board agreed to allow producers to use a new mark developed for this purpose. The mark (shown above) indicates the producer is a member of the OOCC and therefore subject to its provisions.

    Producers interested in using the mark, but complete a Service Mark Agreement which verifies they are an OOCC member-in-good-standing. Once this agreement is approved, the OOCC can provide artwork files of the service mark for use on bottles, labels, websites and other marketing materials. Along with the service mark, the following approved language can be included on packaging:

    The producer of this product is subject to the mandatory California Department of Food & Agriculture standard for olive oil.

    The OOCC views this as a positive step forward in its efforts to communicate about the benefits of the OOCC program. Producers interested in using the service mark can download the agreement here.

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    As the Olive Oil Commission of California begins its third olive oil season, this program which exists to ensure that California olive oil is trusted and valued, is making some changes that will allow more producers to become part of the program and be recognized as members of... 
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  • EU Oilve Oil Exports increased according to the EC latest report

    European Union exports of olive oil between August 2015 and July 2016, were valued at 2,480 million euros, representing an increase over 11.3% regarding the same period last year, according to the latest report on agrifood trade of the Commission European (EC).

    Specifically, during last July foreign European sales of the product reached a value of 226 million euros against the 217 million euros reached in July 2015.

    As for imports of olive oil between August 2015 and July 2016, it were valued at 410 million euros, representing a decrease by 29.9% regarding the last same period; while in July this product imports were valued at 19 million euros, against the data of 72 million euros reached a year earlier, in July.

    In general, for this period of 12 months, EU food exports were valued at more than 128,000 million euros, representing an increase of 0.7% compared with the same period last year.

    The monthly value for Community agricultural exports in July reached 10,500 million euros, a figure that represents a moderate decline compared to the results of July 2015 (11.191 million euros).

    Data collected by the EU executive also highlights exports to Asian destinations (India, China, Philippines and Vietnam) and Northeast Africa (Sudan, Ethiopia and Libya), which increased compared to the data of July 2015. However, destinations that dropped the most were those reaching Hong Kong, Russia and Algeria.

    EC

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    European Union exports of olive oil between August 2015 and July 2016, were valued at 2,480 million euros, representing an increase over 11.3% regarding the same period last year, according to the latest report on agrifood trade of the Commission European (EC). Specifically,... 
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  • India's olive oil imports are expected to rise 20% in 2016-17

    India’s olive oil imports are expected to rise 20 per cent to 13,500 tonnes this fiscal on the back of rising demand in metros and tier II cities, a top Indian Olive Association official said.

    The country had imported 11,106 tonnes of olive oils, 65 per cent of which is sourced from Spain, in 2015-16 fiscal.

    “Imports have been encouraging so far and we are hopeful the total imports during the year would rise by 20 per cent to 13,500 tonnes,” Indian Olive Association (IOA) President Rajneesh Bhasin told PTI.

    The country has imported 3,062 tonnes of olive oils in the April-June period of the 2016-17 fiscal, which is 19 per cent higher than 2,583 tonnes in the year-ago period, he said, a similar growth is expected in the coming quarters.

    During the last year, Bhasin said that the olive oil imports fell because of high global prices in view of poor crop in Spain, as well as hike in import duty of edible oils and weak Rupee against Euro, he said.

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    India’s olive oil imports are expected to rise 20 per cent to 13,500 tonnes this fiscal on the back of rising demand in metros and tier II cities, a top Indian Olive Association official said. The country had imported 11,106 tonnes of olive oils, 65 per cent of which is... 
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  • EC publishes the International Agreement on Olive Oil and Table Olives

    The European Comission (EC) has published, on its website, the text of the International Agreement on Olive Oil and Table Olives which was adopted by consensus at the United Nations Conference for Trade and Development (UNCTAD) in Geneva last year.

    This new text takes into account developments in the world olive and olive oil industry. It reasserts the role of the International Olive Council (IOC) as a world centre for documentation and information dissemination about the olive and its products and as a forum for industry stakeholders. It also places emphasis on standardising national and international legislation on the physical, chemical and organoleptic characteristics of olive oils, olive pomace oils and table olives in order to prevent obstacles to trade.

    Compared with preceding Agreements, the new Agreement is simpler, more rational and more condensed. It is aimed at facilitating the participation of importer countries and features a modified system for calculating the distribution of participation shares that is meant to encourage consumer countries to join. New decision making arrangements have also been put in place and make a distinction between decisions that must be taken exclusively by consensus and decisions that may be taken by a vote if consensus is not reached. In the second case, decision-making by voting will require a larger or smaller majority depending on the subject matter. The budget structure of the IOC has also been simplified.

    The new text will enter into force on 1 January 2017 and will remain in force until 31 December 2026. It will be open for signature by Governments and Contracting Parties through 2016. The Secretariat General of the United Nations will be the new depositary of the Agreement.

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    The European Comission (EC) has published, on its website, the text of the International Agreement on Olive Oil and Table Olives which was adopted by consensus at the United Nations Conference for Trade and Development (UNCTAD) in Geneva last year. This new text takes into account... 
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  • TOP 20 of the Olivinus World's Best EVOOs in its latest edition

    “OLIVINUS” – International Extra Virgin Oil Olive Competition in South America, Central America and the Caribbean, is the most important international competition in world’s, by number of samples submitted (about 450) and the number of countries present (17 to 21). Gives Medal, Diploma in full color and awarded AOVE report. Also it sends information to world importers. It’s who gives more points in the World Ranking EVOO after Mario Solinas.

    Seven Spanish extra virgin olive oils are included in the TOP 20 for the Olivinus World’s Best EVOOs in its latest edition, which is held annually in the city of Mendoza (Argentina). Spain, with 58 awards, has led the medal rankings of this event which has granted a total of 167 awards to olive juices from Argentina (50 awards), Portugal (18), Greece (10), Chile (9), Uruguay ( 8), Italy (6), South Africa (5), Cyprus (1) and Malta (1).

    The competition has received a total of 441 samples from 196 companies, receiving awards a 37% of the oils presented.

    Also, 88 EVOOs have obtained the prestigious Gold Medal, 55 the Prestige Gold and 21 the Gold one.

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    “OLIVINUS” – International Extra Virgin Oil Olive Competition in South America, Central America and the Caribbean, is the most important international competition in world’s, by number of samples submitted (about 450) and the number of countries present... 
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  • Olive Oil Producers Prices

    Graph 1 tracks weekly producer prices for extra virgin olive oil in the three main producer countries of the EU and Tunisia. Graph 3 tracks the weekly producer prices for refined virgin olive oil in the three main producer countries in the EU.

    Graphs 2 and 4 track the monthly prices for these product categories.

    Extra virgin olive oil – Producer prices in Spain remained relatively stable over the last few weeks, standing at 3.13€/kg in the last week of August , which is a 25% year-on-year decrease. If we compare this price to the minimum price of the third week in May 2014 (1,96€/kg), it represents a 60% increase, and a decrease of 26%
    compared to the maximum price (4.23€/kg) (Graph 1).

    Italy – Producer prices in Italy had been stable for the last three months but started to increase in mid-August, to reach 3.70€/kg at the end of August, which is a 33% decrease compared to the same period the previous year.

    Graph 2 tracks the monthly prices of extra virgin olive oil in recent crop years.

    Greece – Prices in Greece had also levelled out over the last few months but, as in the other markets, they had started to rise again in the last few weeks to reach 2.95€/kg at the end of August 2016, which is a 17% decrease compared to the same period year-on-year. Tunisia – Contrary to the other markets, prices in Tunisia fell over the last few weeks to reach 2.79€/kg at the end of August 2016, which is a 32% decrease compared to the same period last year.

    Refined olive oil: Producer prices for refined olive oil in Spain and Italy have moved in the same direction as the price of extra virgin olive oil. In Spain, following an initial sharp decline, prices began to climb in the third week of January 2016, and after falling again, increased as of the first week in July to reach 2.96€/kg at the end of August 2016, which was a 21% year-on-year decrease. In Italy the prices followed the same trend as in Spain to reach 3.01€/kg at the end of August 2016, which represented a 23% year-on-year decrease. There are no data available for this product category in Greece.
    At the end of August, the price differential between refined olive oil (2.96€/kg) and extra virgin oil (3.13€/kg) was of 1.17€/kg in Spain, and was higher in Italy at 0.69€/Kg
    (Graph 3).
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    IOC MARKET NEWSLETTER No. 107 – July-August 2016

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    Graph 1 tracks weekly producer prices for extra virgin olive oil in the three main producer countries of the EU and Tunisia. Graph 3 tracks the weekly producer prices for refined virgin olive oil in the three main producer countries in the EU. Graphs 2 and 4 track the monthly... 
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  • World Trade in Olive Oil and Table Olives 2015/16

    Imports in olive oil and olive-pomace oil in the first nine months of the 2015/16 crop year (October 2015 – June 2016) in the markets listed in the table below reported a year-on-year increase of 12 % in Australia; 10% in China and 5% in the United States. Imports decreased in Brazil by 33%, in Japan by 11% and in Russia by 4%. Data for Canada is not available for the month of June, but in the first eight months of the campaign, imports increased by 2%.
    2016-09-09_1940EU1 figures for the first eight months of the current crop year (October 2015 – May 2016) indicate that intra-EU
    acquisitions fell by 10% and imports from outside the EU fell by 47% compared to the same period of the previous
    crop year.

    2. TABLE OLIVES- 2015/16
    In the first nine months of the 2015/16 crop year (October 2015 – June 2016) imports increased by 6% in Australia and 2% in Canada, compared to the same period of the preceding crop year. However, imports decreased in all the other markets, falling by 12% in Brazil, 5% in Russia and 3% in the United States.
    2016-09-09_table_olivesEU2 figures for the first eight months of the 2015/16 crop year (October 2015 – May 2016) indicate that intra-EU acquisitions increased by 4% and that extra-EU imports increased by 3%, compared to the same period of the previous crop year.

    IOC MARKET NEWSLETTER No. 107 – July-August 2016

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    Imports in olive oil and olive-pomace oil in the first nine months of the 2015/16 crop year (October 2015 – June 2016) in the markets listed in the table below reported a year-on-year increase of 12 % in Australia; 10% in China and 5% in the United States. Imports decreased... 
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  • Olive growing in China

    According to official sources, the Olive tree (Olea europea) was introduced into China over 40 years ago. However, the crop only started to expand at the beginning of the millennium. The areas of greatest potential for the development of olive growing are Gansu, Shaanxi and Sichuan. China currently has an olive hectarage of 86000 ha., of which 43% is under irrigation. More than 27% of the current surface area is under production. The average annual planting rate is of approximately 14 000 ha of olive trees.
    china-provinces-map-600The development of the olive sector is playing an important role in China, enabling more than 3200 families and 15 000 people to improve their living conditions. It also plays an important environmental role through the extension of olive orchards to the banks of the rivers Bailong and Baishui.

    China’s production infrastructure currently comprises 25 oil mills. In the 2015/2016 crop year it produced approximately 5000 t of olive oil, which is a 75% increase compared to the previous crop year. Extra virgin olive oilaccounted for 85% of production, and virgin olive oil accounted for 15%.

    The graph shows the increase of imports to China, indicating exponential growth in the first crop years, with a 792% increase in imports over the last 10 years (2004/05-2014/15).

    Despite a decline in the last three crop years, a 10% year-on-year increase has been observed over the first nine months of the current 2015/16 crop year. Ninety-six percent of total imports come from European production countries, led by Spain with 81% of the total, and followed by Italy with 13%, and Greece with 2%. In this regard, it should be noted that China is the second most important food market for the European Union.

    The remaining 4% of imports come from other countries, mainly Australia, Morocco, Tunisia and Turkey.
    2016-09-09_1922It should also be noted that 78% of China’s imports come from the extra virgin and virgin olive oil category (150910); 8% are from the olive oil category (150990) and 14% are the olive-pomace oil category (151000).

    Source: IOC MARKET NEWSLETTERNo. 107 – July-August 2016

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    According to official sources, the Olive tree (Olea europea) was introduced into China over 40 years ago. However, the crop only started to expand at the beginning of the millennium. The areas of greatest potential for the development of olive growing are Gansu, Shaanxi and Sichuan.... 
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    Call for proposals for the award of grants from IOC

    The Executive Secretariat is pleased to announce that it intends to award grants to finance programmes for the celebration of World Olive Day 2016 in IOC member countries. These grants will be awarded within the limits of the approved budget and will be for events and activities carried out between 23 and 30 November 2016.

    Application dossiers must arrive at the Executive Secretariat by 14 October at the latest and contain the application form, completed in full, signed and dated, in addition to the other documents mentioned in the call for proposals. The objective of these grants is to provide financial support for initiatives aimed at celebrating World Olive Day, as a joint action by all IOC member countries.

    All the activities will include a press conference or similar event, designed to publicise World Olive Day as widely as possible. The Executive Secretariat will provide an official declaration to this end, for release in all member countries.

    Furthermore, the proposed activities may include events or activities such as seminars, trade fairs or symposiums showcasing, among others, the relationship between olive products and health, olive growing and the environment, the history of olive growing and the olive economy; the production of promotional material (brochures, CDs, books, etc.); and the invitation of international experts to take part in the proposed activity.

    A maximum amount of €4000 (per grant and country) has been fixed for IOC grant awards for the celebration of World Olive Day, which may not represent more than 50% of the activity’s total budget. Applications will be examined on a first-come-first-served basis.
    IOC

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    The Executive Secretariat is pleased to announce that it intends to award grants to finance programmes for the celebration of World Olive Day 2016 in IOC member countries. These grants will be awarded within the limits of the approved budget and will be for events and activities... 
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  • The main European destinations of olive oil during the 2015/16 campaign

    United States, Japan and China have been the main European destinations of olive oil between October and May during the 2015/16 campaign, according to the latest data from the European Commission (EC). Brazil, Canada, Australia and Russia are other countries that have targeted European exports of this product.

    In particular, Member States have exported to third countries a total of 417,107 tons between October 2015 and May 2016, representing a 5% increase over the same period of the preceding year, of which 40% corresponded to United States, with 165,685 tons (+ 19% compared to the 2014/15 season).

    This destination was followed by Japan (34,962 tons, a similar figure to the one of the same period of the previous year); China (24,941 tons, + 21%.); Brazil (21,092 tons, -45%); Canada (18,626 t, + 7%.); Australia (16,185 t., + 30%) and Russia (10,501 t., + 1%).

    As for imports, data from the EU executive outlined that the EU has imported in this period a total of 82,656 tons, 47% less than in the same months of the 2014/15 campaign, of which 57,435 tons come from Tunisia (-56%); Morocco 9,395 tons (-54%); 6,865 tons of Argentina (+ 1,329%); and 389 tons of Turkey (-50%).

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    United States, Japan and China have been the main European destinations of olive oil between October and May during the 2015/16 campaign, according to the latest data from the European Commission (EC). Brazil, Canada, Australia and Russia are other countries that have targeted... 
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  • Tunisia becomes the first country to ratify the new International Agreement on Olive Oil and Table Olives, 2015

    The Ambassador of Tunisia, H.E. Wacef Chiha, presented a copy of the instruments of ratification of the International Agreement on Olive Oil and Table Olives, 2015, to the Executive Director of the IOC during a visit to the Executive Secretariat on 31 August, accompanied by the Minister-Counsellor of the Tunisian Embassy in Madrid, Mr Mounir Fourati.

    Following its approval by the Tunisian Assembly of Representatives of the People, on 6 June 2016, the instrument of ratification was signed by the President of the Tunisian Republic, Mr Béji Caïd Essebsi, and submitted to the depositary of the Agreement, the Secretary-General of the United Nations in New York, in accordance with article 27 of the Agreement.

    The Ambassador and his Minister-Counsellor were first received by the IOC Executive Director, Mr Abdellatif Ghedira, himself a Tunisian national, and by the two IOC Deputy Directors, Mr Jaime Lillo of Spain, and Mr Mustapha Sepetçi of Turkey – respectively responsible for technical and economic affairs and promotion, and administrative and financial affairs–, before meeting with other members of the Executive Secretariat, namely the Heads of Unit and the Head of the Legal Department.

    The Ambassador was pleased and honoured to note that Tunisia was the first IOC member country to ratify the International Agreement and underscored that it not only bore witness to Tunisia’s sincere desire and commitment to support the activities of the IOC but also provided further evidence of his country’s recognition of the IOC as a global reference in the olive oil and table olive sector.

    The IOC Executive Director expressed his satisfaction in this regard and encouraged other IOC member countries to ratify, accept or approve the new Agreement by depositing the corresponding instruments with the depositary prior to 1 January 2017, to enable it to enter into force on schedule.

    IOC

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    The Ambassador of Tunisia, H.E. Wacef Chiha, presented a copy of the instruments of ratification of the International Agreement on Olive Oil and Table Olives, 2015, to the Executive Director of the IOC during a visit to the Executive Secretariat on 31 August, accompanied by the... 
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  • National Olive Conference & Trade Exhibition in Australia

    This year we are taking The Australian National Olive Industry Conference and Trade Exhibition to beautiful Geelong Victoria. Geelong is an affordable destination that is easy to drive to. Geelong is 101km from Melbourne airport and 21.6kms from Avalon Airport. Gull Airport Service (gull.com.au) offer scheduled services between Melbourne’s Tullamarine Airport and Geelong and costs about $58.00. There is also a train that runs from the Airport to Southern Cross Station (every 5 mins) and then to Geelong (hourly) and costs $28.00.

    There are a number of good reasons why you should attend the Australian Olive Industry’s Premiér Olive event:

    1.The topics are chosen specifically to address common issues growers are faced with whilst also providing information about what is happening around the world. The Panel Sessions on Day 2 will be covering many of the practical aspects of grove management and provide a good opportunity to interact with speakers.

    2. The round table seating plan offers great networking opportunities and the inclusive speaker format allows for time after the presentation to talk to others at your table about the topic and then formulate questions back to the speaker. Ensuring delegates come away feeling empowered with knowledge is the main aim of the Conference.

    3.This year we have bought our wonderful exhibitors inside so they can also benefit from learning more about the industry they support.

    National Olive Conference & Trade Exhibition
    Monday 3rd, Tuesday 4th & Wednesday 5th October 2016
    Geelong, Victoria 3220

    Conference venue: The Pier Geelong, Cunningham Pier, 10 Western Beach Foreshore Rd
    Dinner venue: Novotel Geelong, 10-14 Eastern Beach Rd
    website

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    This year we are taking The Australian National Olive Industry Conference and Trade Exhibition to beautiful Geelong Victoria. Geelong is an affordable destination that is easy to drive to. Geelong is 101km from Melbourne airport and 21.6kms from Avalon Airport. Gull Airport... 
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  • Olive Oil Kansai International 2016 Trade Fair in Japan

    Preparation for the first Japanese Olive Oil Business international trade fair, OLIVE OIL KANSAI is in full swing. Held from October 18th to 20th, 2016 in the biggest exhibition venue in the west Japan, INTEX OSAKA, OLIVE OIL KANSAI will feature more than 60 exhibitors from Japan, Spain, Italy, Portugal, Turkey, Egypt, Tunisia, Greece, Israel, Argentina, Australia, New Zealand and U.S.A. Impressively appx.30% of these exhibitors will directly come from outside Japan.”

    More business, more providers, higher qualitative oils –they will be set for thesuccessful first OLIVE OIL KANSAI 2016. The presence ofour exhibitors such as some of our registered exhibitors will demonstrate their extra virgin olive oils”said Mr. Tomohiro Hiwatashi, (hereinafter Hiwatashi) in charge of OLIVE OIL KANSAI International Exihibitionat Osaka International Business Promotion Center.“ {Olives New Zealand, NEW ZEALAND} New Zealand is the one of the world’s most promising new producing countries of Extra Virgin Olive
    Oil. The temperate climate and varied terrain of New Zealand provides excellent growing conditions for many of the world’s best olive growing varieties.

    Prestigious awards and positive critiques by International judges attest to the quality of New Zealand Certified Extra Virgin Olive Oil. Olives New Zealand will present for your consideration a selection of Premium New Zealand Extra Virgin Olive Oils. {COOC-The California Olive Oil Council, U.S.A}

    The California Olive Oil Council is a marketing and trade organization with the mission of encouraging the consumption of certified California extra virgin olive oil through education, outreach and communications. The organization promotes quality and traceability through its Seal Certification Press ReleaseAugust15th、2016 Olive Oil Kansai International Exhibition Date: Oct.18th-20th, 2016 Venue:INTEX OSAKA(Osaka, JAPAN)Organizer:
    Osaka International Business Promotion Center
    一般財団法人大阪国際経済振興センター
    Osaka International Business Promotion Center
    〒559-0034
    大阪市住之江区南港北
    1-5-102
    TEL:81-6-6612-8800
    FAX: 81-6-6612-86861-5-102 Nanko-Kita Suminoe-ku, Osaka 559-0034, JAPAN
    URL:http://www.intex-osaka.com

    source

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    Preparation for the first Japanese Olive Oil Business international trade fair, OLIVE OIL KANSAI is in full swing. Held from October 18th to 20th, 2016 in the biggest exhibition venue in the west Japan, INTEX OSAKA, OLIVE OIL KANSAI will feature more than 60 exhibitors from Japan,... 
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  • Plagues & pests in Spain & Italy are opening markets for Greek olive oil

    Greece’s economy may be pressed on all sides by austerity measures, capital controls, and political forces within and without. But as the October start of the olive harvest approaches, some of the country’s entrepreneurs see a rare opportunity to take market share from Spain and Italy, the world’s No. 1 and No. 2 producers of olive oil.

    Lousy weather, a mysterious tree disease, and a fruit fly that feasts on olives have decimated groves in Italy. Nearly a tenth of the 10 million trees in Puglia are infected with a disease that has been dubbed “olive ebola” (some scientists believe it is the bacterium called Xylella fastidiosa), which slowly kills the trees. As a result, Italy’s olive oil producers are bracing for another bad season, on the heels of a 34 percent decline in output in 2014-15, to 302,000 metric tons, according to data from the Madrid-based International Olive Council (IOC). Production in Spain fell by more than half, to 825,700 tons, in the most recent season, and will likely remain depressed due to a prolonged drought.

    Greece saw its output more than double in the previous season, to 300,000 tons, and the local industry is hopeful it will be close to that in the coming season. Thanks to this combination of factors, Greek olive oil is more competitive than ever, at least on a price basis. According to a June report from the council, wholesale prices for extra-virgin categories from Italy and Spain have surged 114 percent and 84 percent this year, respectively, to €5.66 ($6.25) per kilo and €3.59 per kilo. In contrast, prices for Greek oil have climbed just 24 percent, to €3.09 per kilo.

    The price advantage is helping small and midsize producers who make up most of Greece’s olive oil industry find new markets. The IOC reports Greek exports from the most recent harvest to the U.S., now the world’s top importer of olive oil, rose 28 percent from October 2014 through June of this year, while exports from Spain and Italy both dropped more than 50 percent.

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    Greece’s economy may be pressed on all sides by austerity measures, capital controls, and political forces within and without. But as the October start of the olive harvest approaches, some of the country’s entrepreneurs see a rare opportunity to take market share from Spain... 
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  • The Ambassador of Tunisia receives members of the IOC Executive Secretariat

    On Wednesday 20 July 2016, H.E. Wacef Chiha, the Tunisian Ambassador in Madrid, received members of the Executive Secretariat of the International Olive Council on their return from the 27th extraordinary session of the Council of Members of the Organisation.

    The Executive Director of the IOC, Mr Abdellatif Guedira, himself a Tunisian national, took the opportunity to present to the Ambassador the conclusions of the session that had been organised by the Tunisian authorities with the collaboration of the Tunisian National Office for Olive Oil (ONH) in the city of Hammamet from 11 to 16 July.

    He also thanked the Government of Tunisia, on behalf of the Executive Secretariat staff and the Council of Members, for the warm welcome given to the Council and for the excellent organisation of the meetings and side-events put on for the Member delegates.

    He also used the visit to introduce to the Ambassador the two new IOC Deputy Directors, who entered into office on 1 July, Jaime Lillo from Spain and Mustapha Sepetçi from Turkey, each responsible in their respective capacities for technical, economic and promotional matters and administrative and financial matters.

    The four Heads of Unit and the Head of the Legal Department, who accompanied the IOC Directors, presented the results of the Committees and working groups that had met during the session.

    http://www.internationaloliveoil.org/news/view/686-year-2016-news/727-the-ambassador-of-tunisia-receives-members-of-the-ioc-executive-secretariat

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    On Wednesday 20 July 2016, H.E. Wacef Chiha, the Tunisian Ambassador in Madrid, received members of the Executive Secretariat of the International Olive Council on their return from the 27th extraordinary session of the Council of Members of the Organisation. The Executive Director... 
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