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☆ Italian authorities confiscate almost $1 million in fake olive oil
▼ + stars: | 2024-07-11 | by ( Barbie Nadeau | ) edition.cnn.com time to read: +2 min

CNN —Officials in southern Italy have broken up an alleged racket selling fake olive oil, confiscating 42 tons of the extra virgin variety worth almost $1 million. Authorities confiscated 71 tons of what was referred to as an “oily substance” in plastic tanks, as well as 623 liters of chlorophyll, a component of extra virgin olive oil that was being added to oil of a lesser value. The investigation started in September with the arrest of 11 people in Italy and Spain and the confiscation of 12 barrels containing 260,000 liters of adulterated, or non-virgin or extra olive oil. Incidents of falsified extra virgin olive oil have increased in recent years, due to both the popularity of the Mediterranean diet and the effects of climate change, which has greatly reduced production in southern Europe due to devastating droughts, according to the International Olive Council. In January, officials carried out raids at 50 restaurants in Rome and found seed oil being passed off as extra virgin olive oil.

Organizations: CNN, Carabinieri, Authorities, International Olive Council Locations: Italy, Puglia, Spain, Europe, Rome

☆ How to choose the best quality olive oil
▼ + stars: | 2024-02-19 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —Olive oil has many health benefits, including lowering the risk for dementia, poor heart health, cognitive decline or early death. Here’s what you need to know to select the best possible olive oil for your diet. Harvest and processingHistorically, brands that maintain a high quality of olive oil are those that put care into the process from the moment of harvest, Kyriakides said. Extra virgin olive oil is the healthiest version because it’s cold-pressed only once without high heat or chemical solvents. “That will help them develop a more discerning palate for olive oil.

Persons: ”, Tassos Kyriakides, Mercedes Fernández, Kyriakides, ” Kyriakides, Davide Pischettola, “, It’s, —, Selina Wang, “ I’m, it’s, Joseph R, Profaci, don’t, Wang Organizations: CNN, Yale School of Public Health, International Olive Council, University of California, North American Olive Oil Association Locations: New Haven , Connecticut, Spain, Molfetta, Italy, United States, California, Georgia , Oregon , Texas, Arizona, Davis

☆ Europe is almost out of local olive oil supplies as extreme weather takes a toll on harvests
▼ + stars: | 2023-09-29 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

Wildfires and extreme heat have damaged olive harvests in Europe, leading to shortages of olive oil. To keep up with demand, olive oil is being imported from South America. AdvertisementAdvertisementIn the past couple of years, extreme weather, wildfires and droughts have damaged olive tree harvests to the point where Europe is now almost out of local supplies of olive oil. To keep up with demand, European companies are importing olive oil from South America, a necessity that the world's top producer noted. Countries like Tunisia, Turkey and Syria have announced export bans on olive oil to protect the commodity from high international prices.

Persons: —, Kyle Holland, Walter Zanre, Filippo Berio, It's, haven't Organizations: Service, Guardian, International Olive Council, International Oil Council, Olive, US Department of Agriculture Locations: Europe, South America, Spain, Greece, Morocco, Italy, Tunisia, Turkey, Syria, Olive, Córdoba

☆ Olive oil prices surge over 100% to record highs, sparking cooking oil thefts
▼ + stars: | 2023-09-19 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Bottles of olive oil and sunflower oil at a Mercadona SA supermarket in Barcelona, Spain. Bloomberg | Bloomberg | Getty ImagesOlive oil prices spiked to fresh records as severe droughts in major producing countries crimp supplies — and drive up thefts in cooking oil. Spain, the world's largest producer and exporter of olive oil, has been battered by an intense drought for months. Olive oil thievesPrices of olive oil in Spain's Andalusia soared to €8.45 ($9.02) per kilogram in September, Mintec's benchmark showed. Shortly before that, thieves made off with 6,000 liters of extra virgin olive oil worth €50,000 from Terraverne oil mill, Spanish newspaper El Munco said.

Persons: Kyle Holland, Marin Serrano El Lagar, El Munco Organizations: Mercadona SA, Bloomberg, Getty, United States Department of Agriculture, CNBC, International Olive Council Locations: Barcelona, Spain, Italy, Greece, Spain's Andalusia, Spanish

☆ Olive oil is in trouble as extreme heat and drought pushes the industry into crisis
▼ + stars: | 2023-08-19 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —There is a crisis brewing in the olive oil industry. The situation is all the more concerning as it comes on the heels of a bad olive harvest last year, following Europe’s hottest summer on record. In Spain, the world’s biggest olive oil producer, production plunged to roughly 620,000 metric tons, compared to the five-year average of around 1.3 million metric tons, said Holland. This summer, heat gripped swaths of the Mediterranean region, bringing a “heat hell” scientists say would have been virtually impossible without climate change. “It’s getting to the stage where the concerns are significant not just for olive oil but for a lot of crops,” Holland said.

Persons: Kyle Holland, “, ”, Walter Zanre, Filippo Berio, Carlos Gil, Farmer Cristobal Cano, Jorge Guerrero, Holland, Zanre, ” Holland, It’s, Corey Lesk, Lorenzo Bazzana, Bazzana, Claudia Greco, Burger King, Nicholas Paulson, ” Paulson, “ We’re, ” Lesk Organizations: CNN, Getty, International Olive Council, Dartmouth College, “, Reuters, University of Illinois Locations: Europe, Spain, Holland, Jaen, AFP, Italy, Greece, Emilia, Romagna, Forli, India, South, University of Illinois Urbana, Champaign

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