The olive oil market continues to generate problems in Spain and outside its borders. It happens in the neighboring country, Portugal, which is looking for alternatives in distant markets.
As reported by the portal Olimercathe Portuguese company Sovena has decided to invest heavily in a factory in Colombia with the aim of producing avocado oil, as a substitute for olive oil.
The company hopes to produce two million liters a year, taking advantage of its “deep knowledge in the production of olive oil and cooking oil,” it says in a statement.
The reason for choosing Colombia for such an investment and business path lies, they add, in the business and geographic diversification strategy of a company that has its sights set on exports to the US.
Its manager in that country, Joao Basto, has explained that Colombia has “particular characteristics that make it an interesting country”, either because of the favorable natural conditions for avocado production, or because it is currently the second largest producer in the world, or by the “investment attraction strategy”.
At the moment the company’s plans are to wait for the results to arrive, because the activity in the plant has already begun, with avocados that were previously discarded as fruit and that are now destined for the production of avocado oil,