April marked the end of the 2024-25 season with output levels and prices back to 2020-21 levels. After two consecutive years of drought driven shortfall barely reaching 2.5M tons and demand driven producer price records of $10/liter. Output surged back to 3.3M tons selling for up to $5/liter for top...
Category: News
NEWS 30 APR 2025 George Courmouzis was a guest speaker at The University of Michigan Conference on Sustainable Food Procurement by Institutions speaking about The Price of Transparency: Why Traceability in Olive Oil Matters for the entire Food Industry, focusing on the integrity of sourcing imports against the stranglehold the...
The global harvests for the past two years were dismal. A 25% shortfall and inferior quality from the global drought doubled producers’ prices to €9/liter for EVOO. But the Mediterranean basin is back at its usual olive oil output, squeezing current producer prices to half their over the past...
Such price disparities may invite product adulteration and labelling fraud. A major fraud scandal, estimated to be worth €180 million, has rocked the Mediterranean, with Tunisian banks and several European companies among the victims, shaking the Spanish and Italian olive oil industries to their core with cheap Tunisian imports. But...
Today, the emphasis is on reducing saturated fats (butter), while recognizing the benefits of healthy, unsaturated fats (olive oil). Foods labeled as “healthy” must now contain a meaningful amount of vegetables, proteins, dairy, or grains: It is odd that, “Diet contributes to America’s status with the lowest life expectancy amongst high-income...
