The price of ‘virgen extra’ olive oil has risen by 3.9% in the past seven days and the price of the lower quality oil has risen by 8% in the same period.
Record olive oil production
This year’s olive oil campaign has been historic, not only for record production figures but also for the fact that for the first time, Spain has become the world’s leading supplier of oil.
New olive oil regulations now mandatory
Bars, restaurants and other catering establishments in Spain now have to provide olive oil in small, sealed and officially brand labelled containers or face fines ranging from €600 to €600,000.
New olive oil rules come into effect
Today, Wednesday January 1st 2014, is the beginning of the end for the refillable olive oil containers in bars and restaurants, a move applauded by the oil producers but criticised by restaurateurs.
The end of the refillable olive oil container is nigh
The EU may have rejected the proposal made by the Spanish government for a Europe-wide ban on refillable olive oil dispensers in catering establishments, but Spain itself has gone ahead with the implementation of such a ban.
Brussels backs down on bottled olive oil
Earlier this year, it was announced that the EU intended to stop the use of refillable olive oil containers in catering establishments throughout Europe, requiring the use of sealed, branded and suitably labelled bottles.
Better olive harvest predicted for 2013/2014 season
After a bad year in 2013, estimates for the olive harvest in Andalucia for 2013/14 look like being the best results for several years with 6,241,631 tons of olives being collected to produce around 1.3 million tons of olive oil.
Olive oil production in Jaén down by 70%
Production of denomination of origin extra virgin olive oil in Jaén has fallen by 70%. The three denominations, Mágina, Segura and Cazorla, will market about five million litres of the best virgin olive oil, around 70% down on last season.
End of the ornate refillable bottles of olive oil
Thanks to the hard work of an obscure committee in Brussels, the European Commission is to ban the use of refillable bottles and dipping bowls of olive oil at restaurant tables as from next year. From 1 January 2014, restaurants may only serve olive oil in tamper-proof, branded packaging and labelled to EU standards.
19 arrested in olive oil scam
Police and Inland Revenue officers have dismantled a large international network involved in the production, sale and distribution of poor quality olive oils, many a mix of palm, avocado and sunflower oils.