Ethiopia’s oilseed sector expected to expand to meet growing demand

ETHIOPIA - Ethiopia’s production of oilseeds mainly sesame and soybeans is forecast to increase in the year 2018/19 basically as a result of growing demand for cooking oil and livestock feed, most notably soybean meal for poultry production, according to USDA’s June 14 GAIN report. Rise in production is expected to greatly contribute to the…

Chr. Hansen reports 9% growth in revenue in the first nine months of 2017/18

EUROPE - Chr. Hansen, a global bioscience company, has solid organic revenue growth of 9% in the first nine months of 2017/18. The company reported a 3% reported growth due to adverse currency impacts to which Food Cultures & Enzymes grew 12%, Health & Nutrition 8% and Natural Colors 5%. Earnings before interest and taxes (EBIT)…

Chr. Hansen invests in new Global Expertise Centre to expand portfolio

EUROPE – Chr. Hansen, a global bioscience company, has invested in a new Global Expertise Centre to stay ahead of consumers’ increasing demands for natural, yet innovative food and beverage products. The building capacity will house additional employees on site and the laboratory space will be more than double what it currently is, according to…

China’s growing protein meal demand will continue to drive soybean imports

CHINA - China’s oilseed consumption continues to grow, driving demand for increased oilseed imports and government support to expand oilseed production, according to GAIN. According to GAIN reports, the total oilseed consumption for 2018/19 is to reach 164.3 million metric tons (MMT) based on the continued growth of the animal husbandry industry’s demand for protein…

Nestle’s membership suspended for failure to submit palm oil sustainability report

ASIA – Nestle, a Swiss transnational food and drink company, had its membership of industry watchdog the Roundtable on Sustainable Palm Oil (RSPO) suspended as the Swiss food group when it failed to submit a report detailing how it would ensure the use of certified sustainable palm oil, the RSPO said. According to Reuters, the…

United Refineries adopts food fortification to stay along global trends

ZIMBABWE - United Refineries Ltd, the agro products processor has adopted food fortification as a strategy to keep along the country’s nutrition policy as well as address global trends. The Herald reported that the company which also produces brands in personal care, hygiene and value addition, has already fortified its lead-product, Roil Cooking Oil. This…

Pure Oil Industries to commission new margarine plant in June

ZIMBABWE - Pure Oil Industries, maker of the renowned vegetable cooking oil brand Zimgold has announced plans to inaugurate state-of-the-art facility for bakers’ fat and margarine in June. The Herald reported the oil manufacturer aims at becoming an integrated oil extraction and processing company as well as a one stop manufacturing company for cooking oil,…

Zimbabwe to import US$200m worth of edible oil to meet local demand

ZIMBABWE - Zimbabwe will import crude edible oil worth US$200 million this year to supplement local production and meet national demand which stands at 300, 000 tonnes for both oil expressers and domestic consumption. The country is reported to have harvested only 50,000 tonnes of soya beans despite of the growing demand and consumption. While…

Ethiopian Edible oil producers unveils an association

ETHIOPIA - The Edible oil manufacturers of Ethiopia on 17 May 2018 launched their association dubbed the Ethiopian Edible Oil Producers Manufacturing Industry Association to articulate the interests of both foreign and local edible oil producers, reported AddisFortune. At the launch, close to 66 manufacturers and were present and nearly 100 companies signed on the…

WHO unveils new plan to eliminate use of trans fats in food

USA - The World Health Organisation (WHO) has unveiled a new plan to eliminate the use of trans fats, calling for the gains made against the harmful acids in richer countries to be spread worldwide. Industrially produced trans-fatty acids, such as margarine and some hardened vegetable fats, are popular among food producers because they are…