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Spain's olive industry looks overseas to combat crisis

Friday, November 18, 2011 - 02:56

Nov. 18 - Spanish olive oil producer Acesur's growth is coming from exports with the domestic market depressed by the euro zone crisis. Spain's fortunes may also be determined abroad.

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It's harvest time and all of growth of Spain the world's largest all of the -- More than 40% of global comes from you -- 8% of that from the southern region of on the field. Episode has been growing all of us and farms like best on the outskirts of Seville and the site for Spain for over 160. Years. And not citing it as whether it more than its fair share of political and economic crisis. Today once again. As having to adapt and an uncertain -- -- you and Don Duffy the troops -- general manager. Says that while the company's financial crisis may be global in reach some of the challenges are made in Spain. To me staying in 60% of them told them that only forty BC. Sold these private things not they are brands. It is content that is pushing they have -- prices they have found it and they are trying to push pretty much comprise. They pushed to us from price would pushing them to the -- -- -- so finally he say he's having who's who in the domestic market. Now -- mcewing citizens who -- Where we are all all qualify -- being so hung tough. And -- -- Marquette has been working for episode for fifteen years. He's seen how the company has adapted to the shifting industry and business landscape at -- times. And it come poll. The way things are today with the olive -- -- have to -- makes everything in order to compete you have to also makes as much as possible. And someone must. The olive oil industry generates heat -- -- billion euros for the Spanish economy last year. -- sued the second largest producer by sales accounted for 400 million euros. To maintain and build them not ship -- the -- is looking beyond Spain's borders. -- we are company that we are. Very diversified in terms of food. Also markets where we -- with countries having to more than eight conference in that sense they scale well they crisis is affecting us. In those countries I would say where the crisis he's affected about with software markets like China and India out or. It is tough to make an address clo or Argentina went through this situation canceled by the police have been put that. Treating both jobs and prosperity. This is a huge challenge facing a one out of Sunday's general election the most likely not handle the following -- -- of the opposition popular party. But like I have to suit -- Spain's -- they may be determined more by events and developments overseas. I'm Jamie -- for Reuters and Seville Spain.

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Spain's olive industry looks overseas to combat crisis

Friday, November 18, 2011 - 02:56