The International Fishmeal and Fish Oil Organisation (IFFO) says 60% of the products made by its members come from well managed fisheries after Chilean and Norwegian facilities met its sustainability standards.
Olive oil prices are at rock bottom, so food manufacturers would be advised to secure supplies now to fix prices, as the trend will not last, Mintec has warned.
Russian manufacturer EFKO has pumped cash into fats and oils processing in the first quarter of 2012 as part of an ongoing investment plan, boosting capacity.
AarhusKarlshamn (AAK), a Swedish-Danish producer of high value-added specialty vegetable oils and fats, has acquired Oasis Foods Company, as a part of its plan to strengthen its presence in the North American food service market.
A mature palm oil market and scarce land for expansion in Malaysia means Indonesia is set to underpin increased production due to its considerably younger profile, a Rabobank report suggests.
New Britain Palm Oil (NBPO) has received applause from the Roundtable on Sustainable Palm Oil (RSPO) for committing to source 100% RSPO-certified palm oil supplies by the end of 2012.
The Australian Competition and Consumer Commission (ACCC) has fined a South Australian olive oil producer, The Big Olive Company, for “misleading” ‘extra virgin olive oil’ labels and has vowed to clamp down further across industry.
A German government-industry programme has succeeded in delivering vitamin A-fortified oil to 100 million malnourished people – especially children – in developing countries who use it regularly to cook with.
Demand for cocoa is expected to climb 30% in the next 10 years creating a 25% shortage of current supply, according to North American cocoa processor and chocolate ingredients supplier Blommer Chocolate Company.
Chinese authorities have seized nearly 3,200 tons of reprocessed oil, which was made from dumped animal fat and sold as edible oil. The police have arrested about 100 suspects for manufacturing the illegal oil.
