Olive oil is a vegetable oil obtained from the olive (Olea europaea L.), a traditional tree crop of the Mediterranean Basin. It is used in cooking, cosmetics, soaps and as a fuel for traditional oil lamps. Olive oil is regarded as a healthful dietary oil because of its high content of monounsaturated fat (mainly oleic acid) and polyphenols.
The International Council (IOOC) sets standards of quality used by the major olive oil producing countries. It officially governs 95 percent of international production, and holds great influence over the rest. IOOC terminology is precise, but it can lead to confusion between the words that describe production and the words used on retail labels. Olive oil is classified by how it was produced, by its chemistry, and by its flavor. All production begins by transforming the olive fruit into olive paste. This paste is then malaxed to allow the microscopic oil droplets to concentrate. The oil is extracted by means of pressure (traditional method) or centrifugation (modern method). After extraction the remnant solid substance, called pomace, still contains a small quantity of oil.
The several oils extracted from the olive fruit can be classified as:
Quantitative analytical methods determine the oil’s acidity, defined as the percent, measured by weight, of free oleic acid in it. This is a measure of the oil’s chemical degradation — as the oil degrades, more fatty acids get free from the glycerides, increasing the level of free acidity. Another measure of the oil’s chemical degradation is the peroxide level, which measures the degree to which the oil is oxidized ( rancid).
In order to classify olive oil by taste, it is subjectively judged by a panel of professional tasters in a blind taste test. This is also called its organoleptic quality.
Since IOOC standards are complex, the labels in stores (except in the US — see below) clearly show an oil’s grade:
Olive oil vendors choose the wording on their labels very carefully.
Most of the governments in the world are members of the International Olive Oil Council, which requires member governments to promulgate laws making olive oil labels conform to the IOOC standards.
The United States, however, is not a member of the IOOC (it is the only significant oil-producing or -consuming country that is not), and therefore the retail grades listed above have no legal meaning in the US. The US Department of Agriculture (USDA), which controls this aspect of labeling, currently lists four grades of olive oil: Fancy, Choice, Standard, Substandard. These were established in 1948. The grades are based on acidity, absence of defects, odour and flavor. While the USDA is considering adopting labeling rules that parallel the international standards, until they do so terms like “extra virgin” may be applied to any grade of oil. As a consequence, the US is a dumping ground for old and mislabeled olive oil.
Therefore, US consumers should be wary of labels, especially ones that say “extra virgin.” It is best to purchase olive oil for cooking from the lowest cost source (the supermarket, for example), but then to buy extra virgin oils for finishing, dipping, and dressings from a trusted specialty retailer.