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Cobram Estate Buys California Olive Ranch

Published 3 days, 15 hours ago
Description

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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