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Kyle Holland - 5 Holland - 2 Walter Zanre - 2 Filippo Berio - 2 De Rust - 1 Rodger Bosch - 1 Vito Martielli - 1 Martielli - 1
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Search resuls for: "Kyle Holland"


6 mentions found


☆ 'Liquid gold': An olive oil shortage is fueling record prices and food insecurity fears
  + stars: | 2024-05-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +6 min
Extreme hot weather and persistent drought conditions have dealt a severe blow to olive oil production in southern Europe, resulting in a significant surge in prices. Anadolu | Anadolu | Getty ImagesA shortage of olive oil, sometimes referred to as "liquid gold," has driven prices to record highs, fueled a crime surge and pushed the industry into crisis mode. The decline extends a downward trend, after olive oil prices reached an unprecedented peak of 9.2 euros in January. But analysts said that dwindling olive oil reserves would likely keep markets on edge for sudden price spikes over the coming months. Olive oil thefts
Persons: Kyle Holland, Holland, De Rust, Rodger Bosch, Vito Martielli, Martielli, Helena Bennett, Bennett, Xylella, Mintec's Holland Organizations: European Union, Anadolu, Getty, Centre, Market, Mintec, CNBC, Afp, Rabobank, Green Alliance UK, European Environment Agency, Nurphoto Locations: Europe, Anadolu, Spain, Italy, Greece, Spain's Andalusia, Olive Estate, De, Cape Town, Netherlands, Olive, Lecce, Puglia
☆ 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
☆ Europe's economy threatened by extreme heat, fires and floods
  + stars: | 2023-09-11 | by ( Olesya Dmitracova | ) edition.cnn.com   time to read: +4 min
London CNN —Mounting climate risks, illustrated by the extreme heat, wildfires and floods that ravaged parts of Europe this summer, could hurt the region’s economy as soon as this year, the European Commission warned Monday. In its latest economic forecast, the European Union’s executive arm downgraded its predictions for growth in the region in 2023 and 2024. But it added that there was “formidable uncertainty” over its latest forecast, with extreme weather among the “downside” risks. Construction and manufacturing are among other economic sectors vulnerable to extreme heat, said Owen at Saltmarsh Economics. Similarly to the European Commission, on Sunday the International Monetary Fund pointed to “grave risks to economic well-being” from climate change.
Persons: ” David Owen, Kyle Holland, Owen, Kristalina Georgieva Organizations: London CNN, European, European Travel Commission, CNN, Saltmarsh, Bank of Italy, Sunday, International Monetary, Group Locations: Europe, Czech Republic, Bulgaria, Ireland, Denmark, Italy, Greece, Spain, India
☆ 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
☆ Spain's drought has pushed olive oil prices to a 26-year high — and they're expected to stick
  + stars: | 2023-05-04 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +4 min
When renowned Spanish-American chef José Andrés tweeted that eggs should be fried in olive oil a finger deep, one user commented: "Olive oil can be expensive at a finger deep. "Aldi olive oil spread used to 99p. According to data from the International Monetary Fund, global olive oil prices have hit $5,989.8 per metric ton, marking a 26-year high. The outbreak of war in Ukraine, which created a global shortage in sunflower oil, pushed up the demand for olive oil even more. "The outbreak of war in Ukraine, which created a global shortage in sunflower oil, pushed up the demand for olive oil even more," he added.
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