IBOV 176,487 ▲ 0.43% IPSA 10,928 ▲ 0.16% IPC MEX 66,642 ▲ 1.01% MERVAL 3,271,988 ▲ 1.13% COLCAP 2,302.16 ▼ 0.24% BVL PERÚ 56,428.20 ▲ 2.38% USD/BRL5.07▼ 1.24% USD/MXN17.41▼ 0.70% USD/CLP924.34▼ 0.92% USD/COP3,250▼ 0.38% USD/PEN3.39▼ 0.55% USD/ARS1,478▼ 0.37% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.33▲ 0.42% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.81▼ 0.26% BRENT 85.21 ▲ 2.29% WTI 79.52 ▲ 1.77% IRON ORE 161.91 — — COPPER 6.42 ▲ 3.03% GOLD 4,085 ▲ 2.20% SILVER 59.47 ▲ 3.18% SOY 1,190 ▼ 1.00% CORN 458.50 ▲ 4.74% WHEAT 638.50 ▲ 1.83% COFFEE 335.75 ▼ 1.65% SUGAR 14.82 ▲ 0.47% ORANGE JUICE 137.90 ▼ 3.26% COTTON 81.07 ▲ 1.55% COCOA 5,573 ▼ 2.16% BEEF 229.28 ▼ 2.32% CATTLE 350.63 ▼ 1.05% LITHIUM 71.67 ▲ 2.04% PETR4 40.88 ▲ 0.54% VALE3 74.28 ▲ 1.96% ITUB4 43.80 ▲ 0.64% BBDC4 18.90 ▲ 0.69% ABEV3 15.96 ▲ 0.82% BBAS3 20.44 ▲ 0.99% B3SA3 15.34 ▲ 1.46% WEGE3 44.37 ▼ 0.05% PRIO3 57.14 ▼ 0.10% SUZB3 41.07 ▼ 1.01% RENT3 40.30 ▲ 0.25% AZZA3 18.89 ▼ 1.72% CSAN3 3.87 ▼ 0.77% RAIZ4 0.33 — 0.00% PCAR3 2.46 ▼ 5.02% GMAT3 3.95 ▲ 0.25% PSSA3 54.28 ▲ 0.44% CVCB3 1.27 ▲ 1.60% POSI3 3.96 ▼ 0.75% SLCE3 13.87 — 0.00% NATU3 8.43 ▼ 1.98% BRKM5 6.82 ▼ 1.73% RANI3 8.01 ▲ 0.75% CSNA3 5.17 ▼ 1.34% CMIN3 5.20 ▼ 4.59% USIM5 8.31 ▼ 0.84% GGBR4 23.14 ▲ 1.40% ENEV3 26.88 — 0.00% CPFE3 46.97 ▲ 0.28% CMIG4 11.12 ▲ 0.45% EQTL3 40.69 ▲ 1.19% LREN3 14.10 ▼ 0.35% VIVT3 35.22 ▲ 1.41% RAIL3 14.09 ▼ 0.14% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.58 ▲ 2.09% RDOR3 35.90 ▲ 0.96% HAPV3 10.71 ▲ 2.39% FLRY3 16.24 ▲ 0.56% SMTO3 16.31 ▼ 0.37% UGPA3 29.26 ▼ 5.40% VBBR3 32.26 ▼ 1.53% BBSE3 40.44 ▲ 0.40% BPAC11 58.17 ▲ 1.13% CURY3 33.08 ▼ 0.12% AERI3 2.09 ▲ 0.48% VIVARA 23.25 ▲ 0.61% COMPASS 25.00 ▲ 0.93% VAMOS 3.00 ▼ 0.66% SANB11 27.65 ▲ 1.02% ASAI3 8.59 ▼ 1.38% SBSP3 30.43 ▲ 0.20% WALMEX 49.70 ▲ 0.10% GMEXICO 201.65 ▲ 3.10% FEMSA 228.63 ▲ 1.45% CEMEX 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Ministry of Agriculture Bans Sale of Six Counterfeit Olive Oil Brands

By · July 9, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – The Ministry of Agriculture has banned the sale of six brands of olive oil considered to be counterfeit and unfit for human consumption.

The sales of the brands Costanera, Quinta D'Ouro, Olivais do Porto, Oliveiras do Conde, Quinta Lusitana, and Évora have been banned by the Ministry of Agriculture.
The sales of the brands Costanera, Quinta D’Ouro, Olivais do Porto, Oliveiras do Conde, Quinta Lusitana, and Évora have been banned by the Ministry of Agriculture. (Photo internet reproduction)
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The labels Oliveiras do Conde, Quinta Lusitana, Quinta D’Ouro, Évora, Costanera, and Olivais do Porto had to be removed from the market by Monday, July 8th.

The supermarket and wholesale chains where these oils were found were subpoenaed to report existing stocks. Any of those selling the products after the warning may be fined R$5,000 per violation, in addition to 400 percent of the products’ wholesale price.

The distributors in charge of the brands are Rhaiza do Brasil Ltda, Mundial Distribuidora, and Comercial Quinta da Serra Ltda.

Fraudulent brands were identified after a clandestine mill in Guarulhos, São Paulo, was uncovered in an operation carried out by the police on May 12th. Bottles of the Costanera and Olivais do Porto brands were found there. The products were made up of a mixture of oils, with no olive oil present.

After uncovering the mill, the Ministry of Agriculture carried out a task force in Curitiba and São Paulo, in which 54 brands of olive oil found in large retail chains were tested. To prove the fraud, a device was used that emits infrared rays, capable of instantly reading the fatty acids that make up the product. Samples have also undergone testing by a device that detects refined oils and blends, even at very low levels.

Nineteen samples of Oliveiras do Conde were analyzed; eight of Quinta Lusitana and two of the Évora brand.

The inspection found the counterfeit oils in shops in eight states, from Alagoas to Santa Catarina.

Mistrust the price: The Ministry of Agriculture cautions consumers against very cheap oils. Counterfeit products cost, on average, between R$7 and R$10 (US$2.5), while real olive oil is priced from R$17.

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