Global oilseed output predicted to decline in 2012-13 | USDA: Soybean exports surge to 1.3 million tons | Olive oil output won't become excessive, Spain says
December 19, 2012
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Industry Update
Global oilseed output predicted to decline in 2012-13
Production of the leading 10 oilseeds is being projected to decline 0.3% in the 2012-13 season, which would represent the first global drop in two decades. Palm oil production is expected to increase 5.9%, Oil World said, but declines in rapeseed, sunflower and cottonseed are expected to offset that. Bloomberg (12/18)
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USDA: Soybean exports surge to 1.3 million tons
The U.S. Department of Agriculture reported soybean export sales of more than 1.3 million metric tons in the most recent week, or roughly double the 600,000 to 850,000 metric tons predicted. The agency reduced its forecast for 2012-13 soybean ending stocks to 130 million bushels, which would be a nine-year low. "Quite likely, we are going to see that drop even more in the future," said Karl Setzer, a commodity trading adviser and market analyst at MaxYield Cooperative. (12/13)
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Olive oil output won't become excessive, Spain says
Spain has disputed the European Commission's prediction that the country's output of olive oil will reach 1.68 million tons in 2020 or that it has a "structural surplus" of the oil. Agriculture Minister Arias Caņete has said that land use for the crop is stable and will be kept that way by price constraints. Olive Oil Times (12/15)
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Other News
Food, Nutrition & Health
Blended antioxidants become cost-effective alternative
High demand and additional uses for vegetable oils are leading to tight supply and increased prices for food manufacturers, who are coping by using blended ingredients, analyst Frost & Sullivan says. "Vertical integration ... "[s]trategic partnerships and alliances with raw material suppliers, too are vital to gain market share, especially in the natural shelf life extension food additives market," said Ashwin Raj Ravinder of Frost & Sullivan. FoodNavigator (12/14)
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Science, Trends & Technology
Cargill aims for sustainable palm-oil supply chain
Cargill is working to develop a palm-oil supply chain that is fully sustainable, according to Mike Fernandez, the company's vice president for corporate affairs. Growing palm fruit trees on agricultural rather than rainforest land, buying from farmers who employ responsible cultivation practices, and protecting natural animal habitats are among the steps taken, he writes. Star Tribune (Minneapolis-St. Paul, Minn.) (12/17)
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Finding a haven for palm oil production
Indonesia is a prominent example of a conflict between vital forest cover and desirable land for palm oil cultivation, write Fred Stolle, Kemen Austin and Caity Peterson. An alternative that can benefit both, they argue, is using or reusing already cleared land that is unsuitable for certain uses but ripe for palm planting. "In all, up to 860,000 hectares of oil palm plantations could potentially be established on non-forested land," they write. AlertNet/Climate Conversations blog (12/17)
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From the Inform News Desk
Read Lipids for free during December
Lipids is the AOCS journal that focuses on high-quality peer-reviewed papers and invited reviews in the general area of lipid research, including chemistry, biochemistry, clinical nutrition, and metabolism. Take advantage this month of free access to the journal via SpringerLink.
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FDA requests information on food allergens
The U.S. Food and Drug Administration has established a Federal Register Docket requesting data and other information to determine whether the agency can safely establish threshold levels for major food allergens. The Food Allergen Labeling and Consumer Protections Act of 2004 identified eight major food allergens that account for 90 percent of food allergies: milk, eggs, fish, Crustacean shellfish, tree nuts, wheat, peanuts and soybeans. To protect sensitive consumers, FALPCA also requires that foods that contain any of the eight major food allergens carry a statement declaring them on the product label. Comments may be submitted through Feb. 7.
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There are two things that one must get used to or one will find life unendurable: the damages of time and injustices of men."
-- Nicolas Chamfort,
French writer
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