Olive growers and oil producers in Turkey anticipate a lower harvest in the 2023/24 crop year due to adverse weather conditions, including cold and rainy spring weather, hail, and the devastating earthquakes in eastern Turkey. Last year's record-high yield of 421,000 tons is unlikely to be matched, with some producers expecting up to 60 percent less olive oil production. The National Olive and Olive Oil Council and the United States Department of Agriculture predict a decrease in production, attributing it to the natural alternate bearing cycle of olive trees and other factors. Despite the challenges, industry representatives remain hopeful for Turkey's olive cultivation future, emphasizing the importance of sustainable agricultural practices to mitigate the impact of climate change.

Albania's olive oil production has seen significant growth, with an average annual production of 20,670 tons in recent years, up from 10,000 to 13,000 tons previously. Investments by the Albanian government and the adoption of new technologies have contributed to this increase. However, experts like Mivan Peci and producers such as Bruno Musaj express concerns over quality maintenance and the need for better training for millers. The sector faces challenges such as climate impacts, labor shortages, and the fragmented nature of olive farms. Companies like Musai Olive Oil and Donika Olive Oil are focusing on exports due to domestic market constraints. There are calls for the creation of an Albanian PDO to add value to local varieties like Kalinjot and to foster a culture of high-quality olive oil production.

The Mediterranean diet has been named the world's best overall diet for 2024 by U.S. News & World Report for the seventh consecutive year. The diet is praised for its flexibility, cultural significance, and numerous health benefits, including reduced risks of dementia, cardiovascular disease, and various cancers. The Mediterranean diet also topped several subcategories, such as best diet for diabetes and heart health. The DASH and MIND diets, influenced by the Mediterranean diet, secured the second and third spots, respectively.

The 2023 olive oil harvest has been severely impacted by climate extremes and economic pressures, resulting in the lowest global production since 2013/14. A survey of 4,487 producers in 34 countries revealed concerns over climate change, consumer knowledge gaps, and labor difficulties. Rising production costs, extreme weather, and pests were cited as significant challenges. Producers are calling for better standards enforcement to reduce fraud, increased government support, and global marketing campaigns to promote olive oil consumption. High olive oil prices have both helped and hindered producers, with some benefiting from offsetting costs and others concerned about fraud and consumer deterrence. The sector also sees tourism as a potential revenue stream, with many welcoming visitors for tastings and tours.

Traditional olive cultivation knowledge, methods, and practices in Turkey have been recognized by UNESCO's List of Intangible Cultural Heritage in Need of Urgent Safeguarding for 2023. Turkey, a major olive-growing and olive oil-producing country, has a rich history of olive oil production dating back to the 6th or 7th century BCE. The recognition highlights the cultural significance of olive growing and oil production in western Anatolia, including various rituals, festivals, and traditional methods of grafting and producing table olives. The article details the traditional practices and the social importance of the olive harvest in Turkish communities.

The olive harvest in France is expected to yield around 4,400 tons, surpassing last year's production but not reaching the five-year average. Conditions have been favorable, with low pest pressure and minimal fruit browning. Corsica reported a successful harvest, and the quality of extra virgin olive oil is anticipated to be high. However, production has not returned to the highs of the previous decade, partly due to ongoing drought conditions in southern Europe.

The European Parliament and Council have approved the Protected Designation of Origin (PDO) for Aydın Memecik Zeytinyağ extra virgin olive oil. The resolution, once confirmed, will protect the oil from imitations and add economic value to Aydın, Turkey. The oil is described as having unique properties due to the region's climate and historical olive farming. Aydın's chairman of the Commodity Exchange, Fevzi Çondur, emphasized the PDO's importance for branding and economic development. Aydın Memecik Zeytinyağı will be the province's third PDO, joining chestnuts and figs, with applications for pine nut and table olive PDOs also submitted. Turkey has several other products with PDO and PGI certifications, with more applications pending.

Portugal's olive oil production is expected to see a rebound in the 2023/24 harvest, with estimates around 150,000 tons, a significant increase from the previous year and above the five-year average. The increase is attributed to the natural alternate bearing cycle of olive trees and the expansion of modern olive groves. Despite challenges such as drought, frost, and high temperatures, producers remain optimistic about the future, with technological advancements in groves and mills contributing to productivity. However, concerns about climate change, labor shortages, and rising production costs persist.

Turkey's bulk olive oil exports, initially set to resume on November 1st, have been indefinitely extended due to high prices. Despite this, officials from the National Olive and Olive Oil Council expect Turkey to significantly supply European markets amid low yields in other countries. Last year, Turkey produced a record 421,000 tons of olive oil, making it the second-largest producer globally. This year's harvest is expected to be lower, but combined with existing stocks, it should meet domestic demand and allow for some exports. The current export ban, the third in recent years, is expected to lift by the end of the harvest season, contingent on favorable weather conditions.

Researchers in Spain have identified three olive varieties genetically resistant to Verticillium dahliae, a deadly fungal pathogen for olive trees. The varieties, resulting from crossbreeding Frantoio and Koroneiki with Arbosana, were developed by the University of Jaén, the University of Córdoba, and the Institute of Agricultural and Fisheries Research and Training using material from the World Olive Germplasm Bank. Named 'FrxAr_5', 'FrxAr_6', and 'KorOp_48', these varieties showed tolerance and resistance to the fungus and are ideal for developing more resistant and productive crops. The discovery is significant for Andalusia, the world's largest olive oil-producing region, where common varieties are susceptible to the fungus. The next step is to test these varieties in commercial-scale olive farms.

The North American Olive Oil Association (NAOOA) hosted a tasting event at Grand Central Terminal in Manhattan, focusing on the sustainability of olive farming and olive oil production. The event aimed to educate buyers, brokers, chefs, and media about the environmental benefits of olive oil compared to other edible oils. Joseph R. Profaci, the executive director of NAOOA, highlighted research showing olive oil's superior carbon sequestration and energy-efficient production methods. The event also served as a platform for producers to share their stories and promote their products.

The North American Olive Oil Association (NAOOA) has announced a comprehensive olive oil quality testing initiative in response to historically high olive oil prices and potential market adulteration. The initiative, starting in January, will test at least 200 samples across the U.S. to ensure product integrity. The study, designed by Yale's Tassos Kyriakides, aims to deter mislabeling and adulteration, with results potentially supporting a standard of identity for olive oil in the U.S. The NAOOA emphasizes consumer protection and market regulation during this period of high prices and uncertainty.

El Mistol, an olive oil producer in Argentina, is focusing on quality to expand its market presence locally and internationally. Despite economic challenges and climate-related issues, the company is optimistic about future growth, driven by strategic investments in new groves and quality certifications. El Mistol's branded extra virgin olive oil is marketed in Argentina, Brazil, and Uruguay, with bulk exports to Europe. The company is also exploring new markets in Mexico and the United States. The recent conservative government's policies are expected to benefit the industry, although short-term production costs may rise.

Over the past 15 years, Chile has seen a significant increase in olive oil production and exports, with Las Doscientos leading the charge. The company, located in the Maule Valley, has expanded its olive groves and modernized its milling processes. Brazil is the primary export destination due to favorable trade conditions and high demand. Las Doscientos aims to continue growing its market share in Brazil and educate Chilean consumers about olive oil. The company has won international quality awards, enhancing its reputation in both domestic and global markets.

Officials from Uruguay's Ministry of Agriculture and independent agronomists anticipate a bumper olive harvest in 2023, potentially exceeding last year's near-record yield. Improved agronomic techniques and maturing olive groves are cited as key factors for the increase. Despite a significant portion of domestic consumption still being met by imports, locally-produced olive oil is starting to supplant imports in restaurants and supermarkets. Uruguay's olive oil exports, particularly to Brazil and Spain, have also increased, helping producers mitigate the impacts of inflation.

An agriculture company, Balam Agriculture, in collaboration with the University of Córdoba, has developed a new olive variety named Sultana, which they claim will revolutionize high-density plantations. The variety, a cross between Arbosana and Sikitita trees, is characterized by early ripening, high fat yield, and larger fruit size, making it ideal for high-density production. Balam Agriculture has exclusive rights to produce and sell Sultana seeds in Europe for 30 years. Despite the promising attributes, details about the first commercial harvest and the variety's resistance to pests and drought remain undisclosed.

Acesur, a major player in the global olive oil industry, has evolved from a small family business in Seville to a leading exporter. CEO Gonzalo Guillén emphasizes Andalusia's pivotal role in the sector's future, highlighting the region's capacity for growth and innovation. Despite challenges like climate change and high production costs, Guillén remains optimistic about the industry's potential, particularly in the U.S. market. He advocates for better water management policies to support sustainable production. The article underscores the importance of increasing global olive oil production to meet rising demand and maintain competitive prices.

California olive oil producers celebrated a successful 2022/23 crop year, winning 71 awards at the NYIOOC World Olive Oil Competition. Despite challenges such as drought and extreme weather, producers like California Olive Ranch, Pasolivo, Bondolio, and Jordan Vineyard & Winery maintained high-quality production. The Olive Oil Commission of California reported a production of 1.94 million gallons of olive oil, 20% below the five-year average. Producers attributed their success to rigorous quality standards, efficient harvesting, and favorable climate conditions. The sentiment towards the companies mentioned is overwhelmingly positive, highlighting their commitment to excellence and quality.

Authorities in Paraná, Brazil, seized 9,000 bottles of fraudulent olive oil, valued at 300,000 Brazilian reals, which were found to contain soybean oil instead of extra virgin olive oil. The Ministry of Agriculture and Livestock confirmed the fraud through nuclear magnetic resonance testing. This incident follows a similar seizure in São Paulo, highlighting the prevalence of olive oil fraud in Brazil, which is the second-most common type of food fraud in the country. The ministry has not disclosed the brands or supermarket chains involved. Domestic olive oil production in Brazil remains low, with most of the country's olive oil being imported.

Thirty-nine professionals and enthusiasts completed the Olive Oil Times Education Lab Sommelier Certification Program in London. Participants from diverse backgrounds gathered to learn about olive oil quality standards, production methods, sensory analysis, and more. Attendees included importers, producers, and culinary enthusiasts, all aiming to enhance their knowledge and skills in the olive oil industry. Key figures like Agelos Bougias, Sabrina Rea, and Eleni Florou shared their aspirations to improve their businesses and promote the appreciation of extra virgin olive oil.

Global purchase volume reached $42.7 trillion in 2022, driven by post-pandemic recovery, increased financial inclusion, and digitization. Credit and prepaid card volumes grew, while debit card expenditure declined, primarily due to a significant drop in China. The Asia-Pacific region saw a rise in QR code payments, competing with card payments. The Middle East and Africa experienced substantial growth in card volume due to efforts to close the financial inclusion gap. Europe and the Americas saw increased card expenditure with the easing of travel restrictions. Global purchase volume is projected to reach $63.5 trillion by 2028, with continued growth in financial inclusion and card-accepting outlets.

Producing award-winning extra virgin olive oil in Portugal requires balancing modern agricultural practices with traditional methods. Est. Manuel Silva Torrado, led by export manager Manuel Norte Santo, has expanded its operations and exports significantly. The company has adapted to industry changes, such as the rise of high-density olive groves, and has focused on maintaining Portuguese olive oil's quality and heritage. Challenges include labor shortages, market competition, and public perception of environmental impact. Despite these, the company continues to innovate and expand into new markets, emphasizing the unique qualities of Portuguese olive oil.

Despite ongoing drought conditions in Chile's central valley, olive growers and producers are optimistic about the upcoming harvest. The 2023 harvest is expected to exceed the previous year's yield, with major producers like Olivos del Sur and Aura Olive Oil anticipating good results. The drought remains a significant concern, but timely rains have improved irrigation. Export challenges persist due to global inflation and market instability, but shipping rates have improved, offering some relief. Industry experts remain focused on maintaining quality and navigating commercial complexities.

Uruguay, despite facing severe drought conditions, anticipates a record olive oil harvest for the 2022/23 crop year. Favorable climate conditions in key olive-growing regions led to high yields and quality. Producers like Olivares de Rocha, Olivos de las Ánimas, and Olivares de Santa Laura reported successful harvests, with plans to expand exports to Brazil and the United States. Challenges include labor shortages and the need for mechanization. The Uruguayan Olive Association remains optimistic about future production and market opportunities.

Oleocanthal, a phenolic compound found exclusively in extra virgin olive oil, has been extensively studied for its health benefits since its discovery in 1993. Research indicates that oleocanthal has anti-inflammatory properties more potent than ibuprofen and is associated with reduced risks of neurodegenerative diseases, cancer, and chronic inflammatory conditions. Studies have shown its potential in treating Alzheimer's disease by reducing Amyloid beta protein aggregation and in cancer treatment by inhibiting cyclooxygenase enzymes. Despite its promising health benefits, the development of oleocanthal-based pharmaceuticals faces challenges due to the lack of patentability and high production costs. The best way to obtain its benefits remains through the consumption of high-quality extra virgin olive oil.

Yusuf Can Zeybek triumphed at the 662nd Kırkpınar olive oil wrestling festival, defeating two-time champion İsmail Balaban to claim the title of başpehlivan, the prestigious golden belt, and 1 million Turkish lira in prize money. The event, held in Edirne, Turkey, saw 2,475 wrestlers participate and drew significant tourist attention. The festival, a touchstone of Turkish culture, includes traditional rituals and has been recognized by UNESCO as an Intangible Cultural Heritage of Humanity.

Olive oil prices in Spain continue to rise, reaching unprecedented levels due to increasing production costs, adverse climate conditions, and high global demand. Experts highlight that the current situation is driven by a combination of rising input costs, poor harvests, and the tension between domestic and global consumption. While prices are expected to remain high in the short term, they may decrease in the long term as new olive groves mature and climatic conditions normalize. Despite concerns about stagnating consumption, some industry leaders view the rising prices positively, believing it will benefit producers who have invested in high-quality production.

Ahead of the 2024 European elections, politicians in Brussels are working to codify the European Commission's Farm to Fork Strategy into law. The strategy aims to make farming and the food industry more sustainable but faces criticism due to the aftermath of the Covid-19 pandemic, the energy crisis, and food inflation. Advocates stress the urgency of passing legislation, while critics, including Copa-Cogeca, argue that the strategy could harm food security and increase dependency on imports. The debate highlights significant divisions over pesticide use, food labeling, and animal welfare, with both sides presenting compelling arguments.

Despite expectations of another historically poor harvest in Spain, olive oil production in Extremadura is projected to exceed recent years' yields, with an estimated 73,000 tons, nearly 18 percent above the four-year average. The increase is attributed to new olive tree plantations and high olive oil prices motivating production. However, the production increase is not uniform across the region due to diverse climatic conditions. Producers like Marqués de Valdueza and Huerta de la Vera face challenges from extreme weather and rising production costs, exacerbated by global conflicts and economic instability.

The article highlights the efforts of Sudoliva, an organization dedicated to preserving centenarian olive trees in South America, through its heritage olive tree contest. Founder Gianfranco Vargas discusses the historical and cultural significance of these trees, some of which date back nearly 500 years. The competition aims to protect these trees and promote continental olive oil culture. The article also touches on the historical inequalities associated with olive cultivation and Sudoliva's work with governments in Argentina, Chile, Mexico, and Peru to enact protective legislation. Additionally, Sudoliva is developing gastronomic and cultural tourism around these ancient trees to ensure their economic value and preservation.

Researchers in Spain have identified nine genes significantly correlated with olive fruit weight, a crucial trait for cultivation. The study, involving the University of Jaén and Ifapa, used genome-wide association analysis on 50 olive specimens, revealing genetic markers linked to fruit size. This advancement, funded by the Discover Foundation, aims to enhance breeding programs and improve olive cultivation. Future research will focus on identifying genes influencing polyphenol production to boost the organoleptic value and health benefits of olives.

Global cross-border card spending grew by 23% in 2022, driven by the return to international travel and increased e-commerce at foreign retailers. Research from RBR Data Services indicates that 6% of all global card volume was cross-border, with Europe, particularly Bulgaria, and Asia-Pacific, especially Singapore, showing high cross-border spending. The USA has relatively low cross-border spending due to strong domestic sectors. Despite competition from alternative payment solutions, cross-border card spending is expected to continue rising.

Sixteen individuals were arrested and five more are under investigation for stealing recently-harvested olives from a farmer's groves in Madrid. The Guardia Civil raided two olive mills in Toledo and Guadalajara, seizing tanks containing 6,000 liters of olive oil and documentation of 17,500 kilograms of stolen olives. The operation began in January after a farmer reported 8,400 kilograms of olives stolen. Olive thefts have surged in Spain due to record-high olive oil prices, with authorities stepping up efforts to combat the issue. However, agricultural associations claim that reporting thefts is slow and often unproductive, suggesting the actual amount of theft is higher.

Olive cultivation and olive oil production are rapidly increasing in South Africa, with Babylonstoren, a historic farm, playing a significant role in this growth. The farm, which started producing olive oil in 2014, has become one of the largest producers in the country, cultivating 62 hectares of olive groves. Despite challenges like rolling blackouts, Babylonstoren has diversified its business portfolio, including hospitality and retail, to ensure multiple revenue streams. The farm has also earned recognition at the 2023 NYIOOC World Olive Oil Competition, aiding its expansion into new markets like the United States. The company anticipates a significant increase in production in the coming years, buoyed by favorable weather conditions and ongoing investments in new olive trees.

The expansion of organic olive groves in Spain slowed to a 2.3 percent increase in 2022, down from a 16 percent rise in 2021. Spain's Ministry of Agriculture, Fisheries and Food reported that 262,379 hectares are now dedicated to organic olive cultivation across 16 of the country's 17 autonomous communities. The most significant growth occurred in Castilla-La Mancha, while Andalusia saw the largest decrease. Factors such as poor harvests and rising olive oil prices have impacted organic farming profitability. Acting Minister Luis Planas emphasized the importance of organic farming in combating climate change and achieving the European Green Deal's objectives.

In 2021, global card acceptance saw significant growth despite the pandemic, driven by government incentives and mandates. The number of card-accepting merchant outlets increased by 2% to 88 million, and EFTPOS terminals rose by 5% to 134 million. Contactless card acceptance surged to 82% of terminals, reflecting a preference for low-touch payments. UnionPay remains the most widely accepted scheme, particularly in Asia-Pacific, with notable growth in the Middle East and Africa, especially Saudi Arabia. Local payment methods are emerging as challengers to international schemes, with countries like Kazakhstan seeing rapid expansion in EFTPOS terminals that support domestic QR code payments.

Duane Mellor, associate dean at Aston Medical School, advocates for a focus on promoting healthier diets rather than demonizing specific foods. He emphasizes the importance of a varied and healthy dietary pattern, such as the Mediterranean diet, and the social aspects of eating. Mellor criticizes the oversimplification of scientific studies and the miscommunication of their results by researchers and journalists. He calls for a collaborative effort among politicians, health officials, and the private sector to create environments that support healthy choices.

Global olive oil production is forecasted to rebound in the 2023/24 crop year, with the United States Department of Agriculture predicting a 24% increase to 3.20 million tons. The European Union is expected to lead this recovery, with production rising to 2.03 million tons. Tunisia's production is also set to increase, while Turkey's yield is expected to fall but remain above the five-year average. Global consumption is projected to rebound to 2.9 million tons, with exports growing by 7%. The U.S. is anticipated to maintain its position as the world's largest importer.

Spanish olive oil distributors experienced an average loss of €0.231 per kilogram of extra virgin olive oil sold in the 2020/21 crop year, while olive farmers, mills, and bottlers saw positive net profit margins. The Ministry of Agriculture, Fisheries and Food's report highlights the profitability at each stage of the value chain, identifying inefficiencies and suggesting improvements for market transparency and production chain profitability. The study emphasizes the significant impact of production volumes and costs on profitability across different types of groves, mills, and packaging methods.

Morocco's agriculture ministry has banned olive oil exports to control domestic prices, following similar actions by Turkey and Syria. The decision aims to protect Moroccan consumers amid rising prices, attributed to global shortages and poor harvests. Morocco, Africa's second-largest olive oil producer, exported 28,000 tons in the 2022/23 crop year. The ban may exacerbate price increases in Europe, where Morocco is a significant supplier. Officials hope for a better upcoming harvest, but global prices are expected to remain high.

Researchers at Stanford University School of Medicine have discovered that the consumption of oleic acid, a prevalent fat in olive oil, increases lipid droplets and reduces lipid oxidation in worms, leading to longer lifespans. The study highlights the potential health benefits of oleic acid, particularly in relation to aging and longevity. However, the exact mechanisms and implications for humans require further investigation. The findings add complexity to the understanding of how fatty acids impact health, with lipid droplets being beneficial in some tissues and potentially harmful in others.

Joanne Lacina, founder of Olive Oil Lovers, discovered her passion for olive oil in Crete and successfully established her brand in the U.S. market. Despite the challenges of launching a brand in the U.S., Lacina leveraged e-commerce to sell high-quality olive oils from small-scale Mediterranean producers. Over the years, she has adapted to market trends, such as the growing demand for larger formats and high-polyphenol oils, and has seen a transformation in the olive oil industry. Lacina believes that increased tourism to the Mediterranean has contributed to the rising consumption of olive oil in the U.S.

Olive oil production in Andalusia is projected to reach 550,600 tons for the 2023/24 crop year, a 7% increase from last year's historic low but still 40% below the average of the previous four years. The harvest faces challenges due to high temperatures and drought, affecting both quantity and quality. Jaén, the largest producing province, expects a 20% increase from last year but still below average. Rising olive oil prices are anticipated due to lower production and high demand, with potential impacts on global markets and consumer behavior.

Tim Balshi, co-founder of MillPress Imports, has been importing high-quality extra virgin olive oil to the U.S. for two decades, starting with his cousin in 2000. Initially, olive oil was seen as a commodity in the U.S., but perceptions have changed due to increased knowledge, internet access, and media coverage of food and cooking. Consumption in the U.S. has doubled since the early 2000s, and the market has become competitive. Quality has become paramount, with California setting strict standards. MillPress ensures quality by working closely with farmers and conducting extensive testing. Balshi is also involved with Almazara Aguilar, a family-owned mill in Spain. Despite challenges like droughts, Balshi remains optimistic about the future of olive oil consumption in the U.S.

Israeli entrepreneurs are set to launch Olive X-Press, a countertop olive oil production appliance, ahead of the 2024 olive harvest. The device, compared to a coffee machine in size, combines grinding, malaxing, and decanting to produce olive oil at home within 45 minutes. The invention uses pressure instead of friction for extraction, resulting in a quieter and lower temperature process. The prototype will undergo testing and is expected to retail for about $250. The company plans to generate revenue from selling specially treated, vacuum-packaged olives for use in the appliance. The technology, X-Tend, will be licensed to olive growers to prepare olives for the machine. The olive oil produced has been validated by Professor Zohar Kerem of the Hebrew University of Jerusalem to have similar health-promoting compounds to fresh extra virgin olive oils. The company has raised $3.5 million for the project and is seeking additional investors.

The 2023 NYIOOC World Olive Oil Competition's Southern Hemisphere division has begun, with results to be announced on September 1st. Producers from seven countries are participating, with mixed production quantities but high-quality olive oil. The competition is seen as a significant validation of producers' efforts, enhancing brand recognition and encouraging new entrants into the olive oil industry. Notable producers like Nuevo Manatial, Cobram Estate, and Totara Tunnel Olives have expressed confidence in their products' quality and the positive impact of winning awards.

A study published in Clinical Nutrition indicates that consuming extra virgin olive oil rich in biophenols like oleocanthal and oleacein can improve health outcomes for individuals with obesity and prediabetes. The research, conducted by the Regional Hospital of Málaga, involved 91 participants from Málaga, Spain, who were divided into two groups to consume either biophenol-rich extra virgin olive oil or non-virgin olive oil for 30 days. The study found that extra virgin olive oil consumption led to increased blood antioxidant defenses and decreased oxidative stress and inflammation, which are underlying conditions of prediabetes and obesity. These benefits were not observed with non-virgin olive oil. The findings suggest potential for extra virgin olive oil to help mitigate obesity and prediabetes, which are global health concerns with rising prevalence rates.

Agriculture is a significant economic driver in Georgia, with the state being a major producer of various crops. Fresh Press Farms, Georgia's largest olive oil producer, is preparing for an early harvest under the guidance of Ciriaco Chavez, a veteran of the California olive oil sector. The farm faces unique challenges such as humidity and extreme weather but leverages its early market entry to offer fresh products. Fresh Press Farms is expanding its olive varieties and aims to develop a local olive oil culture, though it does not intend to compete with California in terms of volume.

Tunisia's Ministry of Agriculture, Water Resources and Fisheries is set to announce a new strategy to enhance olive growing and olive oil production over the next decade, aiming for significant increases in production, exports, and domestic consumption by 2035. The plan includes renewing old olive groves, planting new varieties, and converting rain-fed groves to high-density plantations. The strategy also focuses on improving quality through better farming practices, restructuring sector governance, and expanding export markets, particularly in Asia and Africa. However, it lacks measures to address the impacts of climate change, which could significantly reduce future olive oil production.

Olive farmers and oil producers in Argentina experienced a successful harvest in 2023 after several disappointing seasons, despite high summer temperatures. While final figures are pending, the yield is expected to be significantly higher than the previous year. The country's inflation and currency issues, however, pose challenges for the industry. The poor harvests in the Mediterranean offer an opportunity for Argentine producers to expand exports, but the benefits are mitigated by the parallel currency situation and high inflation. Producers are also adapting to climate change by switching to different olive varieties and plantation methods to improve efficiency and quality.

The French company behind the Tunisian Lamar Olive Oil brand has raised €500,000 through a blockchain-based bond issued with Obligate. This move into decentralized finance aims to diversify funding sources, reduce costs, and accelerate access to financing. The process, which uses the EUROe stablecoin, is faster and more confidential compared to traditional bank loans. The initiative is seen as a potential game-changer for small and medium enterprises, particularly in the olive oil sector, by providing an efficient alternative to traditional bank funding.

Despite a challenging summer, Jimmy Magro, president of Malta's newly-formed Olive Growers Cooperative, is optimistic about the upcoming olive harvest. The cooperative, founded in October 2022, aims to professionalize Malta's historic olive oil sector by organizing small-scale growers, promoting organic farming, and improving production infrastructure. The cooperative collaborates with the national government and Unaprol to educate farmers and is seeking EU certifications for local olive oil. Magro also envisions integrating olive oil production with tourism to boost sales and cultural appreciation.

Despite experiencing the lowest olive oil yield since 2012/13, Andalusian growers and producers have achieved outstanding quality, as evidenced by the 106 awards from 135 entries at the 2023 NYIOOC World Olive Oil Competition. The region faced significant challenges due to high heat and drought, which damaged olive trees and reduced fruitset. Producers like Oro del Desierto, Almazaras de la Subbética, Cooperativa Olivarera Virgen De La Sierra De Cabra, and Almazara Quaryat Dillar have adapted to the harsh conditions and continue to focus on quality over quantity. The ongoing drought in Andalusia suggests another poor harvest may be on the horizon.

Researchers in Andalusia, led by Citoliva, are developing an AI-based predictive model to help olive farmers determine the optimal time for harvesting. The tool, expected to be commercially available in two years, will utilize satellite imagery, ground sensors, and various data points to improve yields and reduce production costs. Carmen Capiscol, head of R&D at Citoliva, highlighted the research phase and the potential for the tool to be scalable and affordable for cooperatives. The application of AI in the olive oil sector is seen as increasingly relevant, especially with changing climatic patterns affecting olive development.

Meteorologists predict an 80 percent chance of El Niño developing by September or October, impacting global climate and olive-growing regions outside the Mediterranean. El Niño is associated with higher global temperatures and can alter precipitation patterns, potentially affecting olive harvests. California, Chile, southern Brazil, and Uruguay may experience increased rainfall, while Australia and South Africa could face drought. The Mediterranean basin, responsible for 96 percent of global olive oil production, is not directly impacted. Experts from NOAA, the University of Buenos Aires, and the Australian Bureau of Meteorology provide insights into the potential effects of El Niño on olive production and weather patterns.

Lebanon's outgoing Minister of Agriculture, Abbas Hajj Hassan, congratulated olive oil producers for their success at the 2023 NYIOOC World Olive Oil Competition. Darmmess and MNL Farms won Gold Awards, which are seen as significant milestones for the producers and the country amid economic uncertainty and challenges from climate change. The Economist Intelligence Unit predicts a slow and partial recovery for Lebanon from its ongoing crises. Producers hope that international recognition will promote Lebanese extra virgin olive oils and drive sales, despite domestic difficulties such as labor shortages, rising energy costs, and frequent blackouts.

The European Commission has proposed measures to regulate eco-labels to combat greenwashing, requiring new private eco-labels to show higher environmental ambition and banning national or regional public eco-labels except those developed at the EU level. Critics argue this may stifle innovation and lead to consumer distrust. The European Consumer Organization supports the move, emphasizing the need for reliable information for sustainable consumer choices. The proposals await approval from the European Parliament and Council of the European Union.

Thirty-one attendees from various countries completed the Olive Oil Sommelier Certification Program in London, which covered a comprehensive range of topics related to olive oil. Participants included hobby farmers, professionals, and retailers who sought to enhance their knowledge and sensory skills in olive oil quality assessment, production, and culinary applications. The program was well-received, with attendees planning to apply their new expertise in various ways, such as improving production practices, educating customers, and hosting tasting workshops.

Starbucks is launching its olive oil-infused coffee line, Oleato, in 550 U.S. locations starting March 27, following its introduction in Italy. Select locations in Chicago, New York City, and Seattle are already offering the beverages, with more to follow in Seattle and Los Angeles. The drinks use Nocellara del Belice extra virgin olive oil from Partanna, Sicily. This move comes after Starbucks missed its first-quarter earnings expectations, largely due to COVID-19 lockdowns in China. Analysts view the partnership with Oleificio Asaro as a strategic response to competitive pressures. Depending on its success, Starbucks plans to expand Oleato to the UK, Japan, and the Middle East. Experts believe this could enhance the global profile of Italian olive oils.

Experts predict that while AI tools like OpenAI's ChatGPT may not revolutionize agriculture, they can assist farmers with tasks such as research, writing content, and marketing. Heng Ji from the University of Illinois – Urbana-Champaign cautions against viewing these tools as magical solutions, noting their limitations in scientific discovery and future predictions. Todd Janzen, an agricultural law attorney, echoes the sentiment, pointing out the superficial nature of ChatGPT's authoritative-sounding but shallow predictions. Yu Jiang from Cornell University highlights the potential biases AI tools could introduce, particularly affecting small wineries and farmers with limited digital presence. The integration of ChatGPT into Bing suggests a shift towards AI-based search, urging farmers to adapt and build digital literacy.

Olive oil production in Spain for the 2022/23 crop year is forecasted to be significantly lower than initial estimates, with the latest figures from Spain’s Ministry of Agriculture, Fisheries and Food predicting 680,000 tons, down from earlier predictions of 1 million tons. The decline is attributed to extreme heat waves and historic droughts, particularly affecting Andalusia. Olive oil sales have also dropped by 25% in the first five months of the crop year, while imports have increased by 23%. Despite rising imports, ending stocks have fallen by 44%. Concerns are growing for the 2023/24 crop year due to a dry start, potentially leading to sustained high olive oil prices.

Starbucks has launched a new line of olive oil-infused coffee in Italy, with plans to expand to California, the United Kingdom, Japan, and the Middle East. The beverages, inspired by a Sicilian custom, use Nocellara del Belice extra virgin olive oil. Howard Schultz, interim CEO, and Amy Dilger, principal beverage designer, spearheaded the development. The introduction follows other olive oil-infused beverages in Europe, such as vodka and beer. The reception of these new coffee drinks by Italy's coffee-loving public remains uncertain.

California's olive farmers are relieved after significant snowfall and rain reduced short-term drought conditions, though long-term drought persists. The 2022/23 olive oil production is expected to hit a four-year low due to erratic weather and drought. Producers like Corto Olive and Olivaia Olive Estate report varied impacts, with some regions faring better than others. The Olive Oil Commission of California predicts a lower yield, and experts suggest a shift towards more water-efficient modern olive groves while preserving historic ones.

The 2022 olive harvest has seen significant regional disparities, with Western European and North African countries experiencing substantial production declines due to droughts and heatwaves, while Eastern Mediterranean countries report record or near-record harvests attributed to favorable weather conditions. Turkey, in particular, anticipates a record-breaking harvest, temporarily positioning it as the second-largest olive oil producer behind Spain. Experts suggest that this year's unusual climate conditions are partly responsible for these trends, and long-term projections indicate that climate change will continue to impact olive production differently across regions. High-density olive groves in the Western Mediterranean are expected to mitigate some climate impacts, while water stress remains a significant concern in the Middle East.

Lebanese olive producers are expecting a bountiful harvest despite political and economic turmoil. Producers like Ibrahim Al Kaakour of Genco Olive Oil and Walid Mushantaf of Bustan el Zeitoun attribute the good yield to higher levels of precipitation and timely rains. Karim Arsanios of Solar Olives, who exports most of his production, is facing rising costs due to increased electricity and fuel prices. Lebanon's currency crisis and lack of government support are forcing producers to focus on exports and find new markets. The International Olive Council's data indicates Lebanon's production may exceed the previous year's, and World Bank data shows a dramatic rise in consumer price inflation. Producers are concerned about sustainability as they navigate the financial crisis and promote Lebanese olive oil internationally.

The European Commission has postponed the adoption of a harmonized nutrition label for Europe, indicating that it will not recommend a single existing label such as Nutri-Score. Instead, a new proposal will be submitted by the end of the year, with a decision expected by the end of Q2 2023. Nutri-Score, a front-of-pack label, has been criticized for not respecting national dietary traditions, particularly by Italian representatives. Despite support from scientists and health professionals, Italy has led the opposition to Nutri-Score, citing potential harm to traditional food products. The European Commission is still evaluating the impact assessment and consultations before finalizing the sustainable food labeling framework.

A Spanish company, OliBa Green Beer, has been awarded at the SIAL Paris 2022 Awards for its innovative Empeltre olive beer. The beer, praised for its creativity and market anticipation, was inspired by an olive oil tasting session. Ivan Caellas Colomés, the company's CEO, highlighted the unique flavor profile achieved by adding olive extract at the end of the fermentation process. The award has significantly boosted the company's visibility, leading to new distribution agreements in Belgium, Israel, and Kazakhstan. Caellas plans to continue experimenting with new versions, including an alcohol-free olive beer.