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...
Category: News
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...
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...
Combined, Spain, Italy, Tunisia, Greece, Turkey, Morocco and Portugal are the source of over 80% of global olive oil output. Spain (#1) alone produces up to half of the 3 million tons the world consumes annually. But its current harvest outlook doesn’t look much better than its past. Whereas Italy...
We are not talking about the war induced price of fuel oil that hit the roof due to the ensuing supply squeeze. We are talking about the impact of an overheating planet on the fields where olive trees flourish in the Mediterranean basin. Warm winters kept the olive trees from...
