Archived Posts

News Flash: January 7, 2016

INDUSTRY


Food and Beverage Industry Outlook: Five Important Issues for 2016
This year could shape up to be as turbulent as 2015 or more so. Five main concerns food processors will face in 2016: the 2015 Dietary Guidelines, GMOs, business consolidations, animal welfare and more moves to clean labels. Food Processing

Congress approves increased food safety funding
The US Food and Drug Administration (FDA) is to receive an additional $104.5m as part of the fiscal year 2016 spending bill. Food Quality News

Around the country, organic farmers are pushing for ‘GE-free’ zones
Jackson County, Oregon, has just joined the small but growing ranks of “GE-free zones” in the U.S., which prohibit the cultivation of genetically engineered (GE) crops. It’s at least the eighth county in the country to create such an ordinance, and efforts are springing up to pass similar measures in other places. Washington Post

BIOFUEL


Biofuel economics challenged by weak oil prices, says Global Bioenergies
Global Bioenergies, an unprofitable French maker of sugar-based gasoline, said oil’s recent slump to $35/bbl is testing the financial viability of its technology even as it plans expansion in the US. “The economic case doesn’t stand with oil at $35, except when there’s a tax incentive” as in various European countries and the US, CEOMarc Delcourt said in an interview. Without tax breaks, the company would need Brent crude well above $100/bbl, he said. Hydrocarbon Processing

CANOLA


The industry wants to see an increase in canola acres
By making a few modifications in their farm implements, adjusting the fertilization techniques and making a few basic management changes, it is the hope that some farmers will give raising canola a try and find that it can be a profitable crop for a large number of farmers in North Dakota and Minnesota. Minnesota Farm Guide

CORN


Will South Africa Become a Net Corn Importer?
The corn market has been under pressure to start the New Year.  News so far has been overwhelmed by global economic concerns sparked by a sharp drop in the Chinese stocks market Sunday/Monday.  Much of the grain market news has been swept under the carpet for the time being, but there was a story Monday that may end up being a bigger factor going forward. Ag Web

PALM


Palm oil prices rebound on low rainfall, government efforts
International prices for palm oil are rising on expectations of reduced production caused by low rainfall and on efforts by Southeast Asian governments to bolster the market. Prices closed 2015 at 2,398 Malaysian ringgit ($550) per ton, and though they have softened since the start of 2016, they remain more than 20% above the recent low in August. Nikkei Asian Review

Palm Oil Caps Best Year Since 2010 as El Nino Threatens Crops
Palm oil posted its biggest annual gain in five years as the strongest El Nino in almost two decades parches crops in Southeast Asia and trims record stockpiles of the commodity used in food and biofuel. Prices rose 9.7 percent this year, the first annual rise since 2013 and the most since 2010. Futures for March delivery on Bursa Malaysia Derivatives rallied to an 18-month high on Thursday before closing 0.4 percent lower at 2,485 ringgit in Kuala Lumpur. Bloomberg Business

SOYBEAN


Soy isoflavones may aid with sleep, says study
Can isoflavones found in soybeans help insomniacs get some sleep? Researchers in Japan, who studied more than a thousand participants from various walks of life, think so. Recent data show a growing demand for sleep aid supplements, and consumers are looking for natural alternatives. Researchers at Tohoku in Japan found that isoflavones, found in soybeans, may have positive benefits for sleep seekers. Nutra Ingredients