Norwegian supplier Rimfrost and botanical extraction company Avoca have reacted to a global spike in demand for krill oil by agreeing a joint venture to produce and process the omega-3-rich product.
"These new partnerships will help strengthen our global marketing reach, while delivering a best-in-class service to our customers,” said ADM Chairman and CEO Patricia Woertz.
Krill oil company Neptune Technologies & Bioressources saw its revenues increase by 65% to $14,252,000 for the six-month period ended August 31, 2012, with EBITDA (earnings before interest, taxes, depreciation and amortisation) at ($562,000) compared to (
Global demand for vegetable oils for food and biofuel use is expected to increase by an additional 23 million tons by 2016; however supply is expected to struggle to keep up with the demand, according to a new report from Rabobank.
Malaysia, the world’s second-largest palm-oil producer, can store 5.2 million metric tons of the edible oil, according to Plantation Industries and Commodities Minister Bernard Dompok.
India may boost palm-oil purchases from Malaysia after the second-largest producer announced a shakeup of export-tax policy that takes effect from Jan. 1, according to the Solvent Extractors’ Association of India.
Oilseeds and soyoil futures fell more than 2 percent on Friday following a sharp fall in overseas markets and on rising soybean supplies from new-season crop in the local market.
Ingredion Incorporated has developed a Vegetable Oil Savings Calculator, a tool for manufacturers to estimate the potential savings of replacing expensive vegetable oils, dairy fats and vegetable solids in salad dressings.
A long-term research study published this week has confirmed that non-traditional methods of cooking are significantly contributing to the rise in diabetes among Indians.
Walmart says it is confident it will reach its goal of using sustainably sourced palm oil for all of its private label products by the end of 2015, although it won’t give any details about how much progress it has made to date in North America.
Food manufacturers are beginning to realize that buying more GreenPalm certificates now might be the only way to stimulate enough production of sustainable palm oil to make fully traceable products economically viable in future, says the World Wildlife Fu
Norwegian krill supplier Aker Biomarine has won a patent for krill processing technologies in Russia (Number 2460309) for krill oils and powders that contain krill proteins and phospholipids.
Mexico-based Gunler Foods has broken ground on a $15m facility in Port Arthur, Texas, US, which will bottle and label edible oils such as corn, canola, vegetable and soybeans.
