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

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>