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Greek olive oil controlled by British-Dutch companies

About 60 percent gets sold in bulk to Italian companies but now other nations enter in business. Altis and Minerva, two of the most popular brands in Greece, was bought by Unilever and Lambda

Greek olive oil industry is controlled by foreign companies.
While Greek farmers grow a lot of olives, about 60 percent gets sold in bulk to Italian business giants.
Now some big companies enter aldo in the Greek market.
Altis and Minerva, two of the most popular brands in Greece – both bearing alluring Greek-backgrounds on their labels – are made from Greek olives but Altis is owned by the British-Dutch conglomerate Unilever while Minerva is owned by a British multi-national. Lambda, a Cretan olive oil, is the world’s most expensive at $50-$200 depending on the size, and Greek-controlled, but so pricey it can’t get market share against the mass market of big foreign companies.

by S. C.
01 october 2012, World News > Europe

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