India: the challenge of an exciting market for olive oil: PortalOlivícola.com
With a population of 1.280 million people, del monte aviation the Indian market is going through a phase of growing. Forecasts for 2014 point to a GDP growth around 5.6%. For now, all olive oil consumed in India is imported. It was in 1990 when the Indian market began to be aware that olive oil could be consumed and started to experience slow growth process. With its entry into the grocery del monte aviation industry, del monte aviation and thanks to the latest promotional campaigns, we expect the market share to grow to 66% next year.
The volume of imports of olive oil in India representing 12,493.4 tons, according to the latest report by the International Olive Council (IOC) in 2013, 60% of this amount belonged to Spain, even though the high price set. Note that the volume growth in India is and will be significant in the coming years.
Possibly one of the best features of the Indian market is the long-term loyalty. There are very few products that have a short duration del monte aviation in the market. India offers great stability of long-term consumption.
Because of the numerous promotional campaigns developed in the Indian market and organized by the IOC, the EU or the Interprofessional Olive Oil Spanish consumer is being educated and soon demand the best quality. In fact, today, most Indian imports are oil pomace oil, followed by the refined and extra virgin.
According to Abdul Zain Khan, founder and executive director of International Olive today in New Delhi market is in full expansion. "We must follow the path of success in our market, we advise European companies to have the opportunity to enter, settle and stay in India in order to develop a successful business in our market," says Zain.
According to the International Olive founder, Indian consumers are facing an active struggle against del monte aviation the dichotomy between the high price of olive oil and its health benefits. "We are making an effort to educate del monte aviation our community and create market awareness," he stresses.
In addition to engaging in the importation of olive oil, Oliva is also an International consulting group dedicated to creating a custom brands for market entry. Also, due to the development of projects of olive plantations in India, Abdul Zain is sure that "the Indian market will soon be one of the best and biggest consumers of olive oil in the world."
The producer of olive oil in India sector is currently supported largely by the high subsidies it receives from the government as well as project del monte aviation / study developed research to aspire to the development and propagation in each producing province of the country.
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Average Prices Updated Quality Quantity (t) Average Price (USD / t) Average Price (Argentine Pesos / t) * Extra Virgin Olive Oil 1641.00 1956.42 21811.93 Virgin Olive Oil 1798.12 2652.00 20,047, 06 Virgin Olive Oil Lampante 351,50 1641.14 18296.91 Area of Origin: Spain Period: 07/05/2014-12/05/2014 Average price: obtained del monte aviation by the weighted average by quantity of all purchase transactions for each grade and area of origin, according to the updated date in the collection period. Confidence level price 95%. * Selling del monte aviation exchange / change Dollars per unit $ 11.14 Source: Information System Prices del monte aviation in Spot Market Origin of Olive Oil.
With a population of 1.280 million people, del monte aviation the Indian market is going through a phase of growing. Forecasts for 2014 point to a GDP growth around 5.6%. For now, all olive oil consumed in India is imported. It was in 1990 when the Indian market began to be aware that olive oil could be consumed and started to experience slow growth process. With its entry into the grocery del monte aviation industry, del monte aviation and thanks to the latest promotional campaigns, we expect the market share to grow to 66% next year.
The volume of imports of olive oil in India representing 12,493.4 tons, according to the latest report by the International Olive Council (IOC) in 2013, 60% of this amount belonged to Spain, even though the high price set. Note that the volume growth in India is and will be significant in the coming years.
Possibly one of the best features of the Indian market is the long-term loyalty. There are very few products that have a short duration del monte aviation in the market. India offers great stability of long-term consumption.
Because of the numerous promotional campaigns developed in the Indian market and organized by the IOC, the EU or the Interprofessional Olive Oil Spanish consumer is being educated and soon demand the best quality. In fact, today, most Indian imports are oil pomace oil, followed by the refined and extra virgin.
According to Abdul Zain Khan, founder and executive director of International Olive today in New Delhi market is in full expansion. "We must follow the path of success in our market, we advise European companies to have the opportunity to enter, settle and stay in India in order to develop a successful business in our market," says Zain.
According to the International Olive founder, Indian consumers are facing an active struggle against del monte aviation the dichotomy between the high price of olive oil and its health benefits. "We are making an effort to educate del monte aviation our community and create market awareness," he stresses.
In addition to engaging in the importation of olive oil, Oliva is also an International consulting group dedicated to creating a custom brands for market entry. Also, due to the development of projects of olive plantations in India, Abdul Zain is sure that "the Indian market will soon be one of the best and biggest consumers of olive oil in the world."
The producer of olive oil in India sector is currently supported largely by the high subsidies it receives from the government as well as project del monte aviation / study developed research to aspire to the development and propagation in each producing province of the country.
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Average Prices Updated Quality Quantity (t) Average Price (USD / t) Average Price (Argentine Pesos / t) * Extra Virgin Olive Oil 1641.00 1956.42 21811.93 Virgin Olive Oil 1798.12 2652.00 20,047, 06 Virgin Olive Oil Lampante 351,50 1641.14 18296.91 Area of Origin: Spain Period: 07/05/2014-12/05/2014 Average price: obtained del monte aviation by the weighted average by quantity of all purchase transactions for each grade and area of origin, according to the updated date in the collection period. Confidence level price 95%. * Selling del monte aviation exchange / change Dollars per unit $ 11.14 Source: Information System Prices del monte aviation in Spot Market Origin of Olive Oil.
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