Despite Covid and Drought, Australian and New Zealand Producers Shine at NYIOOC
Australian producers took home a record-high 13 Gold Awards, while producers from New Zealand earned a perfect success rate. Photo: Olive Black, New Zealand
Jun. 2, 2021
Part of our continuing special coverage of the 2021 NYIOOC World Olive Oil Competition.
Extra virgin olive oil producers from Australia and New Zealand have combined to win more than 20 awards for the first time at the 2021 NYIOOC World Olive Oil Competition.
By several metrics, producers from both countries enjoyed their best performances at the world’s most prestigious olive oil quality competition.
Boundary Bend Plants California’s Second Largest Medium-Density Grove
Officials from the company said the medium-density groves provide them with the flexibility to select the best olive variety for each growing condition.
Photo: Boundary Bend
Six years after the company first set up shop in California, Boundary Bend has planted the second-largest medium-density olive grove in the United States.
“We have just planted two groves of 450 and 350 acres (180 and 140 hectares),” Paul Riordan, the company’s co-founder, told Olive Oil Times.
Studies have shown that the productions of a medium-density grove over a 30-year life cycle are higher and more sustainable than high density.
Cobram Estate olive oil-owner cooks up $500 million float plans
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The countryâs largest olive grower Boundary Bend is oiling up its corporate machinery for a run at the ASX boards.
Street Talk understands Boundary Bend â which is also Australiaâs biggest extra virgin olive oil producer â has hired stockbrokers Bell Potter, Ord Minnett and Morgans to oversee an initial public offering likely to value it at more than $500 million.
Boundary Bend co-founder Robert McGavin.Â
Eddie Jim
Sources said the company and its advisers, which also include law firm DLA Piper, were aiming for a deal in the second half of this year. Early discussions indicated they would seek to raise $100 million to $150 million for the IPO.
Australia Day breakfast celebrations in Swan Hill have been cancelled this year due to COVID-19 restrictions. Some smaller events around the municipality.