Argentine officials are promoting olive oil as a national food in an attempt to encourage consumption. Argentine consumption is far less than that of Spaniards, leading to exports, notes Juan Carlos García Zuloaga, an olive-group chief in Argentina.
Researchers say adding hard fats to cocoa butter could lead to chocolate products that are better able to withstand the heat of warm climates. The researchers had varying degrees of success during testing with cottonseed oil, palm oil, soybean oil and crambe oil.
Incidents of food fraud have increased significantly in the past two years, according to a database maintained by the U.S. Pharmacopeial Convention. Olive oil dilution is among the most common types of fraud.
Indonesia will increase taxes on palm oil exports next month, to 9%, from January's 7.5%. Malaysia is continuing its zero-tax policy for a second consecutive month, while India enacted a 2.5% cooking-oil import tax on Jan. 17 in an effort to protect its oilseed growers.
The European Commission has introduced draft legislation aimed at strengthening anti-fraud efforts for olive oil. The amendments call for member countries to conduct one yearly targeted inspection for every 1,000 metric tons of marketed olive oil. Those storing olive oil would have to maintain records on olive oil entries and withdrawals through bottling.