Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Massive Uk Deal Is The Good Oil For Kiwi Company

Massive Uk Deal Is The Good Oil For Kiwi Company

A small New Zealand company has scored a massive distribution deal with United Kingdom supermarket giant Safeways.

Avocado Oil New Zealand has a permanent staff of just seven and was only established in 2000, but with this latest coup, the company’s avocado oil, The Grove, will now be sold in 250 Safeways supermarkets across the UK, in addition to 200 Tesco supermarkets secured at the end of 2002.

About 25,000 bottles of The Grove, with a retail value of approximately $325,000 will be landing on the UK’s shore at the middle of this month for both the UK supermarket chains.

The Bay of Plenty-based company achieved a world-first with its commercially produced cold pressed extra virgin avocado oil first produced just two½ years ago. Since then, Avocado Oil New Zealand has had significant international success. It has mass distribution in Australia, having secured shelf space with Coles nationally and with Woolworths in three states. These two chains equal more than 75 percent of the supermarket business in Australia.

The Grove is also sold in the United States, Canada, Taiwan, Korea, and Japan.

The Grove is a success story on the home market too. In New Zealand, it outsells its nearest competitor more than two-to-one according to AC Neilsen scan data (26th Jan 2003).

Avocado Oil New Zealand sales and marketing manager Elizabeth Carter says the potential for New Zealand avocado oil is enormous as this latest coup indicates.

“Avocado oil is cholesterol-free, low in saturated fats and high in mono-unsaturated fats so it’s good for you and The Grove is endorsed with the Heart Foundation’s tick of approval. The Grove is exceptional to cook with, has a nutty flavour with a subtle avocado aroma. Its burn smoke point of 255°C which is the highest of all vegetable and nut cooking oils.”

Avocado Oil New Zealand will continue to focus on driving both its export and domestic sales by ensuring it delivers the very best avocado oil to all markets.

“Avocado truly is the good oil,” Elizabeth Carter says.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news