Arab Today, arab today china sees a retail growth of olive oil
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

China sees a retail growth of olive oil

Arab Today, arab today

Arab Today, arab today China sees a retail growth of olive oil

Bottled olive oil
Beijing - XINHUA

 China's appetite for olive oil increased amidst a shrinking cooking oil market, according to a UK-based market research report sent to Xinhua on Friday.
The sales of olive oil during a 52 week ending Aug. 8, 2014 were 5.35 percent percent higher than the previous year, the Kantar Worldpanel's monitoring released.
Sales were up 27.17 percent from two years ago, it said.
In contrast, the overall cooking oil market, which includes all cooking oil products no more than 5 liters, shrank by 4.35 percent between 2014 and 2013. When compared between 2014 and 2012, it inched up only 0.4 percent, the report said.
The report said the rising health consciousness among Chinese consumers has led to this growth trend, even though the cost of olive oil is much higher than conventional oil.
Olive oil's average price is 98 yuan (16.1 U.S. dollars) per litre, compared to the average price of 17 yuan per litre for the whole cooking oil market, said the report.
Given its penetration rate of 15 percent, olive oil recruited 695,140 more urban families within the year, according to the report.
The report estimated that China's market potential for olive oil would be great as Shanghai-based Bright Food Group (600597.SH) has bought a majority stake in Italian olive oil producer Salov Group in early October, boosting Tuscany-headquartered Salov's production and sales after the acquisition to help it grow outside its home market.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china sees a retail growth of olive oil Arab Today, arab today china sees a retail growth of olive oil

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china sees a retail growth of olive oil Arab Today, arab today china sees a retail growth of olive oil

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday