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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

Australia's rendering industry has strengthened its sustainability credentials, with the ARA formally launching its first Sustainability Framework at the conclusion of its 18th International Symposium.

Treasury Wine Estates (TWE) has agreed to sell Seppelt to Stonier CEO and co-owner Aaron Drummond and partners, the latest step in its plan to cut its brand portfolio from 76 to fewer than 30. The deal includes the Seppelt brand, the Great Western winery and cellars, and the Drumborg vineyard. No price was disclosed.

South Australian grape growers will have access to loans of up to $500,000 to turn unviable vineyards into more sustainable uses under the South Australia Wine Industry Transition and Growth Package, the state government says.