NNNorthern Valley News
Norcia • Regans Ford • Wannamal
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26
2013
A new owner at Bindoon Hardware
Gingin classic car day
June
Bindoon • Bullsbrook • Calingiri • Chittering • Gingin • Muchea • Mooliabeenie • New
Oils ain’t oils
Sumich Olives farm manager Stephen Beckwith
Olive oil is flowing as thousands of trees planted some 10 years ago are delivering a bumper harvest. Director of Sumich Olive Oil, Vincent Tana and farm manager Stephen Beckwith are encouraged by the recent turnaround in prices and confident of a good season. Sumich has 1100 hectares of olive trees across the north west of the Northern Valleys. The 500,000 trees will produce between 1-1.5 million litres of olive oil this year, employing 10 people full time and another 25 during harvest time. Like most farming, it is price which decides the fortunes of the industry.
gingin
$450,000
According to Vincent, “At the moment it is a break even proposition at $3.50/litre bulk but it is significantly better than what it has been, it was as low as $2.50, 12 months ago”. 60-70% of the Sumich olive oil is sold through domestic markets. In WA they sell their own brand but sell as private label on the east coast. Vincent shares, “We never wanted to go into that retail branding space. From the beginning we were looking for a very lean business to ensure sustainability.” Vincent expects that in the long term most of his sales will be domestic but in the meantime he is enjoying the interest from China.
chittering
Excellent Buying
Immaculately presented four bedroom two bathroom fibro and iron home on a large 2000sqm block. located in quiet cul-de-sac. Kitchen/dining /living room; lounge/theatre room. Veranda all round, air conditioned, slow combustion wood heater. Meticulous landscaped gardens and fruit trees 90sqm fully lock up shed. Excellent value below replacement cost . Tom Cabassi 0429 095 864
· 3 Queen-size bedrooms, the master suite featuring a dressing room · Massive Kitchen with exposed rafters, dbl fridge recess and a bay window · Large fully enclosed shed which includes ablutions and a lined bedroom with fan. · Large concrete rainwater tank with easy care gardens Craig Hyne 0448 825 833
E: cabassirealty@bigpond.com W: www.cabassirealty.com
“China has a voracious appetite for olive oil at the moment. We get 2-3 enquiries per week, how long term it is, is still unknown. China has an immense respect for food, and quality, where everything resolves around the meal. China is also a lot stricter in quality than Australia and has even blacklisted a number of oils, as they don’t meet criteria.” says Vincent. Vincent shares that the adulteration of extra virgin olive oil is the number one biggest issue facing olive growers
in Australia. Essentially some overseas producers are diluting their oils with lower grade vegetable oils, but selling under the false pretence that it is extra virgin (i.e. has only been pressed once). “If we sell a carrot into the Singapore market, I know I’m being compared with other carrots. But with olive oil, if I send Extra Virgin Olive Oil to Singapore I don’t know if I’m competing against a similar product.” Of all the olive oil that is sold in bottles, close to 75% is sold as extra virgin and yet of all the olive oil produced only about 30-35 % in the world is extra virgin. So it seems some oils aint oils.
Offers from $650,000
Traditional Rural Homestead with bullnose verandas
4 Brockman Street, Gingin WA 6503
Ph: 08 9575 2566 Fax 08 9575 2568
Ironically China wasn’t even on the radar 10 years ago but today 20-30% of Sumich’s oil is exported to China.
wannamal
$550,000 100 acres
bullsbrook $599,000 5.3 acres
Stunning weekend retreat or the perfect spot for your dream home. Totally private yet only 20 minutes from Bindoon, featuring rich red soils, ample water from bore, soak and stream, boundary fenced, room for grazing or cropping with comfortable weekend accommodation powered by generator.
Large brick & iron home - 3 x 2, office, separate lounge, dining & family, kitchen with huge wip, ducted aircon, wood heating, large patio area, double carport, 12 x 7 shed, huge greenhouse in quiet location.
Waldeck West Rd
11 Ridgetop Trail
Liz Connell Realty, 27B Binda Place, Bindoon, WA 6502
P: 08 9576 0626 M: 0428 836 856 E: liz@lizconnellrealty.com