Archived Posts

News Flash: September 3, 2015

INDUSTRY

Electronic Working Group on Peanut Oil – Fatty Acid Composition and Other Quality Factors

The 24th Session of the Codex Committee on Fats and Oils (CCFO24) agreed to request the 38th Session of the Codex Alimentarius Commission (CAC38) to approve new work on the revision of the fatty acid composition and other quality factors of peanut oil in the Standard for Named Vegetable Oils (CODEX STAN 210-1999).   CCFO24 also agreed to establish an electronic working group (eWG), led by Argentina, open to all Members and Observers and working in English only, to prepare, subject to approval of the Commission, the proposed draft revision for circulation for comments at Step 3 and consideration at its next session.  New work on this issue was approved by CAC38. Attachment

All certified Genetically Modified Foods on the Market are Safe, According to the Ministry of Agriculture

All certified genetically modified foods that are sold on the Chinese market are safe, according to the Ministry of Agriculture. China has established a safety supervision system that covers the complete chain of GM products, including research, production and trading, the ministry said.  The ministry will cooperate with other departments to improve legislation concerning GM products and their testing technologies to ensure the safety of GM products, the ministry said in a reply to a March proposal by 10 members of China’s top political advisory body on improved safety management of GM foods. The reply, posted on the ministry’s website, said that China and other countries have done much research on the safety of GM foods that proved certified GM foods are as safe as traditional foods. SeedQuest

BIOFUEL

Vietnam Orders More Gas Stations in Big Cities to Sell Biofuel

Vietnam’s government is pushing for more consumption of a locally-produced biofuel blend which has remained unpopular since it was launched last year.The prime minister issued an order this week asking eight major cities and provinces to make sure the gasoline grade E5, which contains 5 percent of cassava-based ethanol, is available at at least half of their gas stations by the end of November. Hanoi, Hai Phong, Da Nang, Can Tho, Ho Chi Minh City and the provinces of Ba Ria-Vung Tau and Quang Nam started selling the product last December. Quang Ngai Province, home to the country’s sole refinery and one of its three ethanol production plants, launched it last September. Thanh Nien News

CANOLA

Australia Canola Hopes Rise as El Nino Fears Wane

Australia’s canola production will not fall as far as had been thought this season despite a switch by farmers to pulses, as fears of an El Nino-induced drought remain unfulfilled. The Australian Oilseeds Federation (AOF) pegged the Australian canola crop at 3.01m tonnes – a drop of 430,000 tonnes year on year, but above forecasts made earlier in the season when the El Nino, which has a history of causing undue dryness in the east of the country, set in. Abares, the official Australian commodities bureau, in June estimated the crop at 2.96m tonnes. Agri-Money

CORN

Brazil GMO Planting on the Rise

Brazilian farmers will plant more genetically engineered grains than ever in the upcoming 2015-16 season as new traits and varieties become established, according to a survey by Celeres, a local farm consultancy. Total GE soybean, corn and cotton planted area will rise 3.9% to 109 million acres. That represents 90.7% of total area. “For this harvest, the arrival of new genetically modified events increased the range of options for farmers, (allowing them) to use technologies in line with their farming practices,” said Celeres in its report. Use is growing as GE varieties with stacked attributes start becoming more widespread. Leading the way are Monsanto’s Intacta RR2 Pro soybeans, which are caterpillar and glyphosate resistance. The Progressive Farmer

PALM

Refined Palm Oil Recovers on Fresh Demand

Refined palm oil prices recovered at the Vashi oils and oilseeds market here today due to fresh demand from retailers. Castorseeds bold and castor oil commercial moved up further on steady demand from shippers and soap industries. However, groundnut oil and linseed oil maintained a stable trend in the absence of any major buying activity. In the non-edible segment, castorseeds bold climbed by Rs 10 per 100 kg to Rs 4,035 from Thursday’s closing level of Rs 4,025 and castor oil commercial rose Rs 2 per 10 kg to Rs 837 from Rs 835. Linseed oil was unaltered at Rs 770 per 10 kg. Business Standard

SOYBEAN

National Soy Check Off Targets Soybean Innovation for Farmer Profit Opportunities

Maximizing the profit potential of every U.S. soybean farmer means seeing beyond today; it means driving soybean innovation in products and services to meet customers’ needs tomorrow. That’s why the farmer-leaders of the national soy check off made driving innovation the center of their new, groundbreaking 5-year strategic plan, which will guide all national soy check off investments from fiscal years 2017 to 2022. “We American soybean farmers have had a good run these past few years, but being profitable in the future will mean something different than being profitable in the past,” said United Soybean Board (USB) Chairman Bob Haselwood, who raises soybeans, corn and wheat on his farm in Berryton, Kansas. SeedQuest