Erratic Weather in Mediterranean & Increasing Demand in China: Olive Oil Prices Reach New High
In 2014, the muggy weather brought Mediterranean countries including Spain, Italy and France the fruit flies and bacteria that caused severe damages in olive oil production. A lot of manufacturers not only earn less but also had to loan money to produce next year stock. “Olive oil is expensive and very much in the hands of nature,” said Celebrity Chef Jamie Oliver in Bloomberg post. “The really good stuff is worth every penny. You pretty much charge the oil per tablespoon, like you would foie gras or caviar.” Unfortunately after a short recovery in 2015, bad weather hit them again. The continuous unstable weather in the past few years had already lowered the global olive oil production by 8% this season. “Consumers have every reason to worry the drop in Quantity equate to the drop in Quality.” Enjoi Ltd. The fact is the reduced harvest can only produce fewer extra virgin olive oil, in order to maintain the supply, manufacturers have to clear all their stored stock. If the stock still cannot keep up with the demand, prices will definitely rises but fraudulent oils are also more likely to be found. Read also: Olive Oil Prices Are Going Through the Roof – Bloomberg Olive oil prices spike, deepening ‘courgette crisis’ – POLITICO A Disappointing Olive Harvest in France – The Olive Oil Times Growing Demand of Olive Oil in China With the rapid growth of economy in past decades, Chinese are paying much more attention into the quality of food. Olive oil, known as the healthiest edible oil, its market is filled the fierce competition. Olive oil particularly the extra virgin olive oil has become the choice of gift amongst Chinese families, it is healthier than wine and it can also be used for cosmetics. The reduced price gap between tradition oils such as peanut oil make incorporating this healthiest oil into the diet more feasible. The gutter oil incident in 2010 and 2014 and the increasing import of olive oil from not only the Mediterranean countries but also Australia that has rather stable weather and produce premium quality olive oil encourage consumers to look for a reliable brand. Similarly, oil companies are building up their images through social network and e-commerce to meet up with information channel and purchasing habit of new generation. Read also: Find Real Extra Virgin Olive Oil in China – Enjoi Ltd. The OKOER Report Exposes 10 Extra Virgin Olive Oil Distributors are Selling Unsafe & Counterfeit Oils in China #ExtraVirginOliveOil #Oliveoil #China #Weather #Mediterranean #Italy #France #Spain #International
The Top Extra Virgin Olive Oil Exporter is Ashamed Again – Italy Arrests 33 Accused of Olive Oil Fra
“The profit margin (700%), can be three times better than cocaine.”journalist Tom Mueller said on the 60 minutes show of CBS News. Food Fraud is not just in Italy. It’s all around us in Hong Kong. What can you do about it? Tell the authorities or let social media reveals it! I prefer the social media to takeover by telling everyone Not to BUY. Every reader should tell 1,000 more readers to stop buying from the Supermarket Shelves (who are also at fault) all the oils from countries that are having the problem. This way the people of Italy, Greece, Spain, Turkey, Ukraine etc. – where the cost of living is tougher than it ever was – will stop working for the crooks and stop the not just the fake, not pure (adulterated) extra virgin olive oil, but soybean, rapeseed, sunflower oil products being made. Plus the customs authorities must recreate the regulations for importation of oils. For example they could stop the importation of the oils by poorly licensed purchasers looking for a share of this big profit. I have been writing about this issue for over 4 years. The fact is Macau, Hong Kong & China are getting the BULK of the product compared to what the USA or Australia gets. Sources: 1. Italy Arrests 33 Accused of Olive Oil Fraud – The Olive Oil Times #OliveOil #Fraud #Italy
What the Singapore Government is Saying is Largely Correct!
They may not have the experience working with oil or running tests of ALL the commercial oils available as Enjoi, the United States FDA, the European Food Safety Authority (EFSA) does. Hence there are many “Bad” & very few “Good” oils on the supermarket shelves, or sold to restaurants and 5-6 star hotels. Health Hub The website and the smartphone application contributed by the Health Promotion Board of Ministry of Health of Singapore Government. It contains wide range of health related information for general public. Nonetheless, the Singapore government is clearly sharing the views of the top 64 countries. These 64 countries are banning from the food services Non-monounsaturated fats (palm, sunflower, corn, soybean, peanut and any blend of these oils.) So if the oil is made up of major 3 fat groups: Saturated fats > 10% – are not healthy Poly-unsaturated fats (e.g. Omega-3 & -6) > 31% – are not healthy Mono-unsaturated fats < 60% (e.g. Omega-9) – are not healthy What is the Answer? Mono-unsaturated oils such as those made for Enjoi Ltd. of Hong Kong. Where the seed, crude oil, refinery, filling, distribution is totally traceable. Moreover there is a 6 years history of these oils being used in Hong Kong, Macau & Australia. If New York can reduce the amount of cardiac disease by 40% by banning trans fats, and China has reduced lung Cancer by at least 30% with the Stop Smoking sign, Singapore Why Not Go Trans Fat Free (during the working life of an oil) as the 64 countries has over the next 5 years? #Singapore #Transfatsfree #Monounsaturatedfats