Trader says 27 per cent of Malaysia's palm trees are 20 years or older, while harvesting the taller trees proves difficult
SASKATOON — Malaysia’s palm oil industry has a problem, according to a trader of the commodity. Gaurav Kochar, a trader from India, said the age profile of the country’s trees is a “pressing concern” with 3.7 million acres of plantations that are 20 years or older, which is 27 per cent of total planted area. […] Read moreTag Archives canola oil
Trump would likely affect agriculture more than Harris
Either Kamala Harris or Donald Trump will become, arguably, the most powerful person in the world come Inauguration Day Jan. 20. American presidents make decisions on trade, environment and agriculture and food, often setting agendas with consequences felt around the world and even on your farm. Canadians don’t vote in American elections, but it is […] Read more
California shocks canola sector
SASKATOON — Canada’s canola processors have been blindsided by proposed amendments to California’s Low Carbon Fuel Standard. “We’re surprised and disappointed with what they’re proposing,” said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. Related stories: The California Air Resource Board (CARB) published its proposed amendments Aug. 12. They include a 20 per […] Read more
Canadian canola exports to Mexico plummet 65 per cent
Canada is expected to remain Mexico's largest supplier of canola, but Australia is making major inroads in that market
SASKATOON — Canada’s canola shipments to Mexico are plummeting. Exports to that destination totaled 279,900 tonnes through the first seven months of the 2023-24 campaign. Related stories: That is down from 801,100 tonnes for the same period a year ago, a 65 percent drop. Canadian canola sales have generally been lacklustre to date, but the […] Read more
Bunge-Viterra merger worries competition bureau
UPDATED – April 24, 2024 – 0900 CST – OTTAWA (Reuters) — Canada’s Competition Bureau says it has found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global agriculture merger that is unprecedented in dollar value. The deal would create a company worth $34 billion, […] Read more
Used cooking oil amount proves surprising
SASKATOON — Canada’s canola oil is facing stiff competition from used cooking oil (UCO) and tallow in renewable diesel markets. The amount of UCO being imported into the United States has surprised everyone, including the U.S. government. Imports in 2023 were large enough to produce 600 million gallons of the fuel. Related stories: That exceeds […] Read more
Healthy canola oil could use further image boost
At the risk of preaching to the choir, note this: canola oil is a nutritious food ingredient, far preferable to many other options on the market. It has just seven per cent saturated fat, the least among common cooking oils, and has the most plant-based omega-3 fat levels. It is a source of omega-6 fat […] Read more
Canadian agricultural exports to U.S. surpass imports
SASKATOON — Canada has built a sizable agricultural trade balance surplus with the United States. The balance totalled $18.3 billion in 2022, up from $1.8 billion in 1993. “While the trade balance has fluctuated over the past 30 years, Canada consistently maintained a positive trade balance with the U.S. when it comes to agriculture, agri-food […] Read more
U.S. goes on canola oil buying spree
Canada’s canola oil shipments to the United States are booming as the country’s renewable diesel industry accelerates. Canadian exporters sent a record 2.6 million tonnes south of the border in 2022-23 and that number is expected to rise in future years. “We envision that trend continuing,” said Chris Vervaet, executive director of the Canadian Oilseed […] Read more
Sustainable aviation fuel facility proposed for Manitoba
Provincial and federal governments kick in $2.9 million to support an engineering design study for the $1.9 billion project
Douglas Cole said he believes the market for sustainable aviation fuel is poised to skyrocket. The feedstocks for the proposed sustainable aviation fuel plant in Portage la Prairie would likely be canola and soybean oil.
