Vegetable oil prices are expected to remain high into the coming
2008/09 season as surging demand from the developing world outpaces
production, predicts the US agriculture department.
Jan Dekker has launched a new ingredient to extend the use of
vegetable oils for frying - an innovation expected to save costs
for manufacturers as oil prices soar.
Malaysian multinational Sime Darby is to channel €34m into
expanding its value-added oils and fats presence in Europe,
including upgrading its existing Unimills facility and setting up
new palm oil facilities.
Unilever has invested around €3m in its R&D capabilities for
structured emulsions to allow it to tap the healthy foods trend and
reduce reliance on commodity ingredients.
The food industry has a window to research ways to reduce saturated
fat in products before the UK's FSA starts its consumer awareness
campaign at the end of this year, says an expert from ADM who is
anticipating a swell of interest...
AarhusKarlsmann (AKK) will face a difficult start to 2008 with
two months of delayed deliveries of it specialty fats after this
week's fire, though no raw materials were destroyed.
Cognis is extending its non-hydrogenated fat range of Lamequick
whipping agents with three new versions suited to a broader range
of technical applications that meet consumers' healthy
requirements.
Cognis has developed a new whipping agent under its Lamequick brand
using vegetable oils that are free from lauric acid, thus avoiding
the soapy taste that can result from interactions with herbs and
spices.
Archer Daniel Midland has announced plans to build a European
R&D Centre in Germany to develop new oil and fat technologies
for the food and bio-fuels sectors and help improve existing ones.
US agri firm ADM is to expand production at its rapeseed crushing
facility in Germany, which will be converted to a multi-seed
crushing facility, it emerged yesterday.
Leading US peanut supplier Golden Peanut Company is expanding into
the peanut oil market, with the start up this month of a new multi
million-dollar oil refinery.
Encapsulating fats and fat-soluble ingredients with chitosan to
protect them during processing does not affect their availability
in the body, says new research that highlights the vast potential
of this technique.
An independent trans fat free cooking oil contest has been launched
in the US, designed to provide unbiased information on the
different zero trans oils currently available on the market.
The European subsidiary of a Malaysian plantation giant is set to
sign a four-year deal with Nizo food research in order to tap the
latest innovations in vegetable oil.
A recent commodity report focusing on edible oil and soy production
suggests that India's vegetable oil industry is not happy, while
global oilseed production could reach new heights.
EFSA has concluded that rapeseed oil high in unsaponifiable matter
as a novel food ingredient is safe for human consumption under
specified conditions of use.
A newly developed citric acid ester of mono- and di-glycerides
promises to replace lecithin in chocolate applications where the
main functionality is to lower the viscosity and yield value.
The Philippines is developing a genetically modified (GM) coconut
with at least as much lauric acid as canola to allow it to hold
onto its leading share of the world's vegetable oil market.
Freshly created AarhusKarlshamn, a merger between former vegetable
fats competitors Aarhus and Karlshmans, completes the building
blocks of its new structure.
Fats and oils firm Loders Croklaan will divest its US ingredients
encapsulation business to New York's Balchem Encapsulates in a bid
to concentrate on core business, reports Lindsey Partos.
Consolidation in food ingredients continues with Nordic fats and
oil firms Aarhus United and Karlshamns set to merge, creating one
of the world's leading suppliers of cocoa butter alternatives,
reports Lindsey Partos.
Sales volumes improve for speciality fats but bulk vegetable oils
continue to feel the pressure in the first quarter for fats and
oils firm Aarhus United.
As a pending sale looms in the background, and after a patch of
fading sales and tighter margins, Danish vegetable fats supplier
Aarhus United is on the up, with the company marking improved
growth for 2004, writes Lindsey Partos.
Speciality oil firms will have the chance to voice their concerns
on global food codes as 100 government delegates meet to discuss
the fats and oil industry at a week-long session, kicking off in
the UK next week.
Spearing the growing trans fat alternative market, Germany's Bayer
CropScience will link up with private agro firm Cargill to bring a
new speciality oil to the market. Lindsey Partos reports.
Supplies for a range of vegetable oils used extensively by the food
industry are likely to improve for 2004/05 year on stronger yields
for peanuts, soybeans and rapeseed oil.
Competition continues to bite for Swedish speciality fats and oils
business Karlshamns with the firm announcing it will pour Euros
6.68 million (SEK60m) into cost-cutting measures.
Two thirds of edible oil producers in Russia believe that a
proposed new state standard on spreads in 2005 will hurt small
manufacturers, writes Angela Drujinina .
Swedish speciality fats and oils firm Karlshamns builds up supplies
of pumpable fats and liquid margarine as industry spikes demand for
convenience fats, reports Lindsey Partos.
After several months of tight margins and dipping sales vegetable
fats and oils supplier Aarhus United has turned the corner with
improved growth in the third quarter, helped by a strategy to focus
on the core market of speciality...
Russian edible oils producer Solnechnie Produkti has reported sales
growth in excess of that for the market as a whole, the second
major producer to do so in as many weeks. As with market leader
NMZhK, Solnechnie Produkti's growth...
Russia's biggest producer of oils and fats, the NMZhK group, has
steadily increased its output over the last year, an indication of
the steady growth in a sector where local and foreign players are
vying for dominance.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
Squeezed margins from 'fierce competition' have hit profits at
Swedish oils and fats firm Karlshamns, which this week announced
job cuts in the context of a cost saving programme.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
The majority shareholder in Danish vegetable oil firm Aarhus United
could soon place its considerable stake on the market, citing a
potential difference in long-term investment interests.
