Category: News

OLIVE OIL PRICES ARE GOING THROUGH THE ROOF

The 2016-17 Harvest estimate proved wrong because the weather forecast was wrong. After a hot spring and a fruit fly epidemic that had lowered estimates for quantities and quality across the Mediterranean producers, came a cold winter which is still affecting the late harvest currently under way. Spain is down...

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2016-17 MEDITERRANEAN HARVEST FORECAST

Harvest is just about to begin in the Mediterranean region. Spain will again approach 1,500,000 tons of its industrially produced varietals, with Italy, Greece and Turkey at around 200,000 tons each. Up and coming Portugal, Tunisia, Morocco and war-torn Syria will reach around 100,000 tons each. Minor producers limited to...

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NEW SHIPMENT

This year’s harvest of Extra Virgin Corvus 1 and Corvus 2 Olive Oils, freshly picked and pressed in February and March 2016 and canned at our Cooperatives in Laconia and Crete, left Greece earlier this month. It was a very good harvest year, which produced two excellent olive oils, of...

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ITALY CRACKS DOWN ON OLIVE OIL FRAUD

NEWS, March 3, 2016 Italian lawmakers voted to toughen penalties for olive oil fraud. Both houses of Parliament recommended that the government ensure criminal law prevail over administrative sanctions in cases of commercial fraud. It took the CBS 60 Minutes report on the Italian Food Mafia (http://www.cbsnews.com/videos/agromafia/)earlier this year, to...

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GOOD HARVEST YEAR

The official estimate by the European Union of the 2015/16 Olive Oil Harvest calls for 2,049,600 metric tons of output, up 42% from last year’s dismal harvest of 1,433,600 metric tons. Global output is estimated at 2,900,000 metric tons, up 22% according to the International Olive Oil Council. This will...

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