Category: Fats, Oils, Oilseeds & Nuts

Upfield introduces Altis Extra Virgin Olive Oil in Kenya promoting healthy living

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KENYA – Upfield, the global leader in plant-based nutrition, has expanded its product portfolio in Kenya with the launch of Altis Extra Virgin Olive Oil. The oil, produced in Greece, is widely enjoyed in several countries across the globe, making Kenya its latest market. According to the Blue Band margarine maker, the edible oil is 100% natural olive oil made from olives by cold extraction which ensures the oil offers extensive nutritional benefits. It has low acidity, maintains natural aroma of fresh olives, green herbs and apple, combined harmoniously for…

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Cashew Watch Ghana launched to advocate for growth of sector

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GHANA – The Cashew Watch Ghana (CWG), a new civil society organisation has been inaugurated in Ghana to champion the growth and development of the cashew industry in the country. CWG has been formed to promote revolution in the commodity space through advocacies for the formulation and implementation of national policies, that would transform the industry as a vehicle to push rapid socio-economic growth and development. Among other objectives, the network seeks to advocate competitive price for the commodity for the betterment of all the value chain actors, reports Ghana…

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Philippines bans use of trans fat to control spread of non-communicable diseases

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PHILIPPINES – The Philippines government is stepping up efforts to protect its people from non-communicable diseases with a new order against the production of industrial trans fats.  Titled the “National Policy on the Elimination of Industrially Produced Trans-Fatty Acids for the Prevention and Control of Non-Communicable Diseases,” the new administrative order (AO) aims to remove trans fats from the Fili by 2023.  Under the AO, industrially produced TFA and processed food products containing TFAs shall be prohibited from being produced, imported, and distributed for commercial sale.  Once it becomes effective, it will be illegal to sell Partially-Hydrogenated Oils (PHO) to…

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Global nuts supplier RRF, USAID to boost West Africa’s cashew nut value chain with US$3m investment

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WEST AFRICA – Red River Foods (RRF), a leading global supplier of nuts, seeds, dried fruit, and specialty snacks, has entered into a US$3 million co-investment partnership with the USAID-funded West Africa Trade & Investment Hub (Trade Hub), to build a sustainable root to market channel for West Africa’s cashew nut produce into the U.S. market. This partnership builds on the U.S. Government’s Prosper Africa initiative to increase two-way trade and investment between the United States and Africa, as nearly US$32 million in exports are anticipated from activities to boost…

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Nigeria’s palm oil production to rise on back of private, public sector investment efforts

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NIGERIA – Nigeria’s palm oil production in the Marketing Year (MY) 2021/22 is expected to reach 1.4 million metric tons (MMT), up about 9 percent greater than the previous year’s estimate of roughly 1.28 million metric tons (MMT). The projected increase, according to USDA in a Gain report, is attributable to an increase in private sector investment. According to the report, two major Nigerian palm oil companies i.e., Okomu Oil Palm Plc and Presco Plc, are currently expanding their production capacity. Presco recently commissioned 500 MT capacity refinery that is…

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Rwanda to boost local production of edible oil with US$10m investment in new processing plant

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RWANDA – Kayonza Distribution Company Ltd, a Rwandese retail and distribution company, has invested US$10 million in the establishment of an edible oil manufacturing plant. The investment is aimed to boost local supply of cooking oil in the country and trim the import bill. Targeted to commence operations by the end of the year, the processing facility is expected to produce 100 tonnes of cooking oil per day, reports New Times Rwanda. With this new investment, Rwanda hopes to gradually reduce cooking oil imports, which peaked at 126,002 metric tonnes…

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Tunisian olive oil producer CHO company clinches US$26m financing, management support from IFC

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TUNISIA – One of Tunisia’s largest olive oil producers, CHO Company, has been offered a financing and advisory services package by World Bank Group’s IFC, to enable its scale up its operations. IFC has indicated that it will provide €22 million in financing with an eight-year tenor to its Tunisian partner since 2015. CHO will use the funds as working capital and to invest in new equipment, strengthen linkages with farmers and create new jobs in an economy that is recovering from the effects of COVID-19. Besides financing, IFC will…

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Nigeria’s growing appetite for palm kernel oil, meal set to propel production rate

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NIGERIA – Nigeria’s palm kernel oilseed production in marketing year (MY) 2021/22 (January-December) is expected to reach 900,000 metric tons (MT), up by 23 percent beyond the MY 2020/21 estimate of 730,000 metric tons. The rise in production, according to a GAIN report by USDA, is attributed to the rise in area harvested as the primary producers have been encourage by the increasing demand for palm kernel oil in the country. Currently, there is growing private sector investment in production of palm kernel for oil, with manufacturers like DUFIL, a…

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Edible oils company Ozmirioglu enlists Myande Group for construction of Turkey’s largest edible oils crushing plant

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TURKEY – Myande Group, a leading provider of equipment and engineering services in Oils and Fats, is set to undertake one of the largest multiple oil seeds crushing project in Turkey, in a move that cements an equipment solutions leader in the food industry.  According to a statement from the company, it has signed a contract with Ozmirioglu A.S for the construction of a 1,000 tons per day (TPD) multiple oilseeds crushing plant.  Upon successful completion and commissioning of the project, Ozmirioglu will become the proud owner of the largest cottonseed crushing plant in Turkey.  Ozmirioglu A.S. which has been in operation…

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Olam Foods Ingredients scales up efforts to enhance sustainability in global cashew supply chains

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UK – Olam Food Ingredients (OFI), has published new targets aimed at making the global cashew supply chain more sustainable and rewarding to the farmer.  According to OFI, despite cashews being in high demand, cashew farmers are among the poorest in the world with no enough income to feed their families, afford much-needed healthcare or send their children to school.   Through its new sustainability targets, OFI hopes to change this narrative and encourage others in the sector to collaborate for measurable change.   The Cashew Trail strategy sets 2030 targets across OFI’s cashew business – in line with the United…

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