DIRS.INFO The most relevant business & tech news

☆ World’s largest olive oil producer says ‘liquid gold’ prices on track to halve from record levels
▼ + stars: | 2024-11-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Elvis Barukcic | Afp | Getty ImagesSpain's Deoleo, the world's largest olive oil producer, says one of the most challenging moments in the industry's history appears to be drawing to a close, with "liquid gold" prices expected to nearly halve from an all-time high over the coming months. Extra virgin olive oil prices in Spain's Andalusia stood at 6 euros ($6.33) per kilogram as of Nov. 6, according to Expana, an agricultural and food-focused market intelligence firm. Spain accounts for more than 40% of the world's olive oil production, making it a global reference for prices. A person holds a bottle of olive oil on June 21, 2024, in Barcelona, Catalonia, Spain. Deoleo said olive oil prices should fall to around 5 euros per liter, a steep drop from highs of 9 to 10 euros, which had become the norm in Spanish supermarkets this year.

Persons: Elvis Barukcic, Miguel Ángel Guzmán, Guzmán, Carbonell, Deoleo, Kyle Holland, Expana's Holland Organizations: Afp, Getty, CNBC, Europa Press, Anadolu Locations: Bosnian, Herzegovinian, Ljubuski, Capljina, Europe, Spain, Greece, Tunisia, Spain's Andalusia, Barcelona, Catalonia, Turkey, Menemen Plain, Izmir, Turkiye

☆ The best hidden gems to visit in summer tourist hot spots, from someone who's been to every European country
▼ + stars: | 2024-06-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

If so, we'll take a wild guess that you're visiting either Spain, Italy, France, or Greece. Here, Abbamonte shares a few alternatives to popular tourist hot spots that anyone visiting Spain, Italy, France, and Greece should check out. Related stories"I've done a lot of road trips around the north of Spain," Abbamonte said. Even so, some of Abbamonte's favorite spots in Italy don't get the love he believes they deserve. AdvertisementOne of his favorites is Biarritz, a seaside hub known for its surfing culture in the Basque region of France.

Persons: —, Lee Abbamonte, Europe's, He's, Colin Rieser, Abbamonte, they're, he'd, Peter.Zelei, Italy don't, Grace Kelly, Bruno Morandi, Saint Paul De Vence Organizations: Service, Business, Camino, Biarritz Locations: Europe, Spain, Italy, France, Greece, Abbamonte, Barcelona, Madrid, Ronda Ronda, Spain's Andalusia, Seville, Ibiza, Majorca, Ronda, Andalucia, Marbella, Sevilla, Gibraltar, Santiago, Santiago de Compostela, Hydra, Mykonos, Aegina, Poros, Meteora, Thessaly, Como, Florence, San Gimignano, Tuscany, Siena, Pisa, Gimignano, Biarritz, Paris, Nice, Basque, It's, San Sebastian, Spanish, Sebastian, Saint, Avignon, Monte Carlo, Monaco

☆ The best hidden gems to visit in Spain, Italy, France, and Greece, from someone who's been to every European country
▼ + stars: | 2024-06-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

If so, we'll take a wild guess that you're visiting either Spain, Italy, France, or Greece. Here, Abbamonte shares a few alternatives to popular tourist hot spots that anyone visiting Spain, Italy, France, and Greece should check out. In Spain, forget Barcelona or Madrid and explore the cliffside city of RondaRonda is a historic city in Spain's Andalusia region. Related stories"I've done a lot of road trips around the north of Spain," Abbamonte said. AdvertisementOne of his favorites is Biarritz, a seaside hub known for its surfing culture in the Basque region of France.

☆ World's largest olive oil producer says the industry faces one of its toughest moments ever
▼ + stars: | 2024-05-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Spain's Deoleo, the world's largest olive oil producer, says the industry needs to undergo a "profound transformation" as it grapples with one of the most challenging moments in its history. A perfect storm of climate change, soaring prices, high interest rates and robust inflation has taken its toll throughout the olive oil value chain in recent months. Spain accounts for more than 40% of the world's olive oil production, making it a global reference for prices. Extra virgin olive oil prices in Spain's Andalusia hit a record high of 9.2 euros ($9.84) per kilogram in January. Olive oil prices have cooled due in part to an uptick in production estimates and beneficial rains in March and April.

Persons: Spain's Deoleo, Miguel Angel Guzman, Guzman Organizations: CNBC Locations: Europe, Spain, Andalusia, Olive

☆ '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

☆ 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

☆ Drought in Spain empties reservoirs, forces limits on water use
▼ + stars: | 2023-08-08 | by ( Horaci Garcia | ) www.reuters.com time to read: +2 min

Residents enjoy Boadella reservoir, which is 20% of its capacity, as Spain braces for the third heatwave of the summer near the Spanish-French border, in Darnius, Spain, August 6, 2023. REUTERS/Nacho DoceAGULLANA, Spain, Aug 8 (Reuters) - Artur Duran holds his hand out by his waist to show the level of water he remembers two years ago at the Darnius Boadella reservoir in northeastern Spain. Catalonia's authorities last week imposed new water usage restrictions on 22 villages around the reservoir, near the French border, as the aquifer supplying them is also emptying. Several heatwaves recorded in Spain and wider Europe this summer have worsened the drought, lowering reservoirs' levels as water evaporation and consumption increased, said Ruben del Campo, spokesperson for Spain's meteorological agency AEMET. The village of Agullana with 900 residents has been keeping its water usage below the 200-litre cap for several months, but its mayor said further steps will be implemented.

Persons: Doce, Artur Duran, sunbathed, Ruben del Campo, Josep Jovell, Horaci Garcia, Joan Faus, Andrei Khalip, Alexandra Hudson Organizations: REUTERS, Reuters, Authorities, Alexandra Hudson Our, Thomson Locations: Spain, Spanish, Darnius, Catalonia, Spain's Andalusia, Europe, Agullana

Search resuls for: "Spain's Andalusia"

7 mentions found