Background

Tony's Premium

Every year, we make an accurate bottom-up calculation per region, as the cost per growing area can be very different. As an example, take the year 2018 and the region around Noto in Sicily with a typical density of 180 trees per hectare. For an average production per hectare we calculated production costs of € 7.85 per liter.

 

For the 2018 harvest (October 2018 to September 2019), the average Italian wholesale price for conventional extra virgin olive oil was approximately € 4.91 per liter (€ 5.4 per kilo at 0.91 kg/l). Based on this price, Tony’s premium was 60% (7.85/4.91). In 2018, Tony’s premium applied to the olive grove Ongombo. The same calculation applies of course to other olive groves that join il circolo.

 

When calculating production costs, we include fair wages and salaries with (social) contributions and insurances for the workers. The calculation includes all measures for the sustainable and ecological production of top quality: pruning, grass cutting, soil management, fertilizing and strengthening the trees, combating the olive fly, early harvest by hand, early and competent cold pressing in a modern oil mill and, last but not least, official organic certification.

Olive location

Olive grove of Ongombo S.R.L. Agricola, Via Rocco Pirri 1, 96017 Noto (SR), Sicily; 5 hectars, 230-280 meter above sea level.

Olive grove of Ongombo S.R.L. Agricola, Via Rocco Pirri 1, 96017 Noto (SR), Sicily; 5 hectars, 230-280 meter above sea level.

Olive grove of Ongombo S.R.L. Agricola, Via Rocco Pirri 1, 96017 Noto (SR), Sicily; 10 hectars, 215 and 310 meter above sea level.

Olive grove of Ongombo S.R.L. Agricola, Via Rocco Pirri 1, 96017 Noto (SR), Sicily; 5 hectars plus 10 hectars, 215-310 meter above sea level.

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