Archived Posts

News Flash: February 4, 2016

INDUSTRY


TPP approval could offer tariff reduction, increased demand for US feed
Negotiations for the Trans-Pacific Partnership (TPP) were concluded in the fall, but US feed manufacturers are still waiting for the deal to get final approval. The proposed agreement involved 12 countries including Australia, Canada, Japan, Malaysia, Mexico, Peru, Vietnam, Chile, Brunei, Singapore, New Zealand and the U.S. Feed Navigator

BIOFUEL


Insurance for new biofuel oilseed crop carinata now available USDA’s Risk Management Agency recently announced that producers in Montana, North Dakota, and South Dakota can insure carinata by written agreement under the canola and rapeseed insurance plans. Producers must submit a written agreement request to their insurance company by the March 15 sales closing date. Biodesel Magazine

CANOLA


Canadian canola stocks bigger than expected, wheat less ample
Canadian stockpiles of canola were larger than expected at the end of 2015, but wheat was less abundant, and supplies of both shrank year over year, according to a Statistics Canada report on Thursday and an industry poll. Ag Week

CORN


ADM Studies Options for Corn Dry Mills as Ethanol Margins Slump
Archer-Daniels-Midland Co., the largest U.S. ethanol producer, is looking at strategic options for its corn dry mills as its efforts to boost returns are held back by lower profit margins and an oversupply. Bloomberg

PALM


Indian oilseeds, soyoil futures rise in line with Malaysian palm oil
Indian oilseeds and soyoil futures rose on Wednesday in line Malaysian palm oil futures. Malaysian palm oil futures rose for a second trading day to reach a new 20-month high as traders forecast lower palm oil output in February due to the Lunar New Year public holidays. Reuters

RSPO to crack down on ‘palm oil free’ labelsThe Roundtable for Sustainable Palm Oil (RSPO) will crack down on member companies claiming to have removed palm oil for environmental reasons. The resolution to amend the policy was submitted by numerous stakeholders including food companies Unilever, Mondelez, AAK, IOI Loders Croklaan and retailers Marks & Spencer, Tesco and Waitrose, and was adopted last year at a general assembly meeting. Food Navigator

SOYBEAN


FDA declines petition, sticks with soy protein’s heart health claim The FDA will not revoke soy protein’s health claims, as requested by a citizen petition. But the agency also admits that there will still be ongoing review on the ingredient. The Department of Health and Human Services recently wrote a response to a 2008 citizen petition filed against the FDA, declining the petition’s request to revoke soy protein’s health claims in food labeling. Nutra Ingredients