Winnipeg | Reuters — State-owned Chinese agribusiness Cofco Corp. looks to buy 2.5 million tonnes of Canada’s canola crop next year, a boost of more than one-third over its expected purchases this year as its Canadian office gets established, said the company’s global head of softseeds on Wednesday. Cofco opened its Canadian trading office in […] Read more
China’s Cofco seeks larger Canadian canola volumes
THE GOLDEN CROP: The story for canola keeps getting better
Near-record crush and increasing global demand show that canola’s successful run is far from over
Reading Time: 4 minutes Canola is king across Alberta — and there’s no reason to think it won’t have a long and healthy reign. “Canola offers a leading and consistent mix of superior agronomics and strong demand,” said Greg Kostal, president of Kostal Ag Consulting. “Yeah, it has its ups and downs, and there’s little micro-reasons for it. But […] Read more
Partially hydrogenated oils on the way out
The federal government has served a year’s notice on partially hydrogenated oils (PHOs) as ingredients in foods sold in Canada. Health Minister Ginette Petitpas Taylor announced Friday that PHOs will be added to Canada’s List of Contaminants and Other Adulterating Substances effective Sept. 15, 2018, giving Canadian food processors and importers “enough time to find […] Read more
Conagra to sell Wesson oil brand to Smucker
Reuters — Packaged food maker Conagra Brands said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J.M. Smucker Co. for about US$285 million. Conagra will continue to manufacture products sold under the Wesson brand for up to one year following the close, after which Wesson will be merged into […] Read more
They’re crushing it! And that’s a good thing
Canola crushers are enjoying hefty margins, but that’s actually good news for farmers — especially given the poor-quality crop
Reading Time: 3 minutes Poor conditions at harvest have been good for Western Canada’s crushers, which are soaking up canola that would otherwise be hard to market. Weekly canola crush levels hit a record high of just over 200,000 tonnes the first week in January for the second time ever. While crush levels dipped the following week, the total […] Read more
Canola acres seen rising on high prices
Brandon | Reuters — Canadian canola plantings may rise slightly in spring as farmers seek to cash in before an expected drop in vegetable oil prices as palm crops recover from drought that hit major Southeast Asian producers, German oilseed analysis firm Oil World said Tuesday. Plantings will rise by less than 10 per cent […] Read more
Canola oil can help trim inches off the waist
Researchers found a significant decrease of belly fat in a clinical trial of obese subjects who included canola oil in their diets
Reading Time: 2 minutes Canola oil can help reduce belly fat, a new study has found. About 20 per cent of adults in Canada have metabolic syndrome, a cluster of conditions — including belly fat — that increase the risk of heart disease, stroke and diabetes. Researchers at the University of Manitoba, Laval University, and Penn State University tested […] Read more
Newfoundland harvests first canola crop
Researchers in Newfoundland are set to test the oil and meal quality of the province’s first-ever canola crop after its harvest on Friday. The 30-acre research plot at Pasadena, N.L., about 30 km east of Corner Brook, “grew exceptionally well, surpassing our researcher’s expectations,” Steve Crocker, the province’s minister of fisheries, forestry and agrifoods, said […] Read more
Canola crush is thundering along at a record rate this year
Crush production records have been falling like flies, and both producers and the wider economy are benefiting
Reading Time: 3 minutes This year’s canola crush is on pace to be the highest ever, which is good news for producers. “It’s great for farmers,” said Renn Breitkreutz, vice-chair of the Alberta Canola Producers Commission. “Our product is in demand and we’ve seen significant investment in crush capacity over the past couple of years and now it seems […] Read more
China’s canola meal supply may fall under tighter standards
Beijing | Reuters — China may suffer a shortage of canola meal, a protein-rich feed ingredient, after Beijing plans to toughen the import standards for the oilseed from major exporters, industry analysts said. China will allow no more than one per cent of foreign material in canola shipments starting April 1, the country’s quarantine agency […] Read more
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