date:Sep 17, 2013
ue to lower global prices following succession of bumper crops in Spain. The domestic market is threatened by a lack of regulatory oversight.
Current international standards for extra virgin olive oil allow a wide range of oil qualities to be marketed as extra virgin. In addition, the standards are widely unenforced. Mandatory testing with penalties for noncompliance exists only in Canada and the European Union. However, testing in the EU is only mandatory for a very small share of production (