Deoleo reports tough times for global olive oil sales

Deoleo, the world’s biggest olive oil company, says American consumers have helped offset a fall in its sales due to belt-tightening by Spanish and Italian households. In its latest annual report and first quarter results for 2013, the Madrid-based company also revealed plans to follow last month’s opening of its own sales office in China with others in India, Malaysia and Colombia. And it said the next harvest in Spain is in line to be an “extraordinarily good” one.