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A group of producers is working with Norwegian technology firm Thinfilm to fight counterfeits in the extra virgin olive oil sector.

They have been embedding tiny chips that can communicate with smartphones behind the labels on bottles of the oil, according to The Guardian.

Using the iOlive app, buyers can see where the olives in the oil in front of them were grown and bottled –unless of course the original oil has been poured out and replaced.

“Italy’s olive oil industry has had many fraud scandals,” Thinfilm CEO Davor Sutija said.

“The damage caused by the deceit has been tremendous, not only to the industry and brands but to consumer trust.

“We are very excited to deliver our NFC tags to Tuscany and help brands in this prestigious region protect customers, educate consumers, and grow their businesses.

“Professional tasters use our platform to digitally capture their evaluations, including sensory analysis, and consumers are able to view that information through the iOlive app.

"The SpeedTap tags make accessing the data simple, instantaneous and seamless.”

Food & Drink Business

Maxum Foods says the appointment of Adrian Lochland as the company’s first CEO is a significant milestone in the company’s growth and evolution. Lochland has been at Maxum since 2021 as executive general manager of its Animal Nutrition division.

Australia has earned its stripes as a nation of committed snackers, but this love affair with snacks isn’t without its quirks. Mintel Food & Drink associate director, Cormac Henry, says its research shows while Australians are chasing healthier options, cravings for indulgent treats remains strong. 

Bega Groups says following a 12-month review, the lack of a buyer and ongoing annual operating losses of $5-10 million are behind its decision to wind down and close peanut processing business, Peanut Company of Australia (PGA). Bega acquired the company in 2017.