Cobram Estate Buys California Olive Ranch
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Cobram Estate Olives, Australias largest olive oil producer, acquires California Olive Ranch for $260M, expanding US presence and securing a favorable exchange rate. Co-founder Rob McGavin advocates for Australian water rules inspired by California, where only farmers own irrigation water. Demand for extra-virgin olive oil surges, with studies linking it to reduced heart disease risk. Industry leaders anticipate growth, particularly with new trade deals opening Europe.
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