TORONTO, Nov. 5, 2012 /CNW/ - Canada's canola and soybean based
vegetable oil industry is thriving as it meets escalating domestic and
international demand for healthful vegetable oil.
In the twelve months ending July 2012, Canada's growers and processors
produced a record 3.4 million tonnes of canola and soybean oils, more
than doubling the production of 2005.
Annually, about 600,000 tonnes of this production is consumed by
Canadians either as grocery store items or foodservice products.
Canadian vegetable oils are an excellent source of dietary fat and are
used to prepare a vast array of foods. Familiar retail products made
from Canadian vegetable oil include margarine, cooking oil, mayonnaise
and salad dressing.
"Canada's vegetable oil industry is helping to maintain a healthy
Canadian population," said Sean McPhee, President of the Vegetable Oil
Industry of Canada. "The industry also exports its considerable surplus
to feed a growing international demand for vegetable oils, especially
in the U.S. and China."
In the twelve months ending July 2012, 2.8 million tonnes of Canadian
vegetable oil was exported with the U.S. and China accounting for 2.4
million tonnes of this demand. Since 2007, U.S. imports of Canadian
vegetable oil have increased 100 per cent, while China's have increased
more than 300 per cent.
"The vegetable oil industry is an important part of Canada's growing
agri-food sector," said McPhee. The industry's processing capacity in
2012 is nearly double the capacity in 2007, and it is anticipated that
further expansion will increase capacity 50 per cent by 2015. Total
capital investment in processing capacity from the 2007 to 2015 period
is expected to be approximately $1 billion.
For example, Cargill recently announced plans to build a new canola
processing facility near Camrose, Alberta, which will have a processing
capacity of 850,000 tonnes of canola per year and will generate
approximately 800,000 hours of employment throughout the construction
phase. Similarly, Bunge Canada has invested in the doubling of
crushing capacity at both its Altona Manitoba and Fort Saskatchewan
"Canada's vegetable oil industry has been a leader in reducing trans fat
and saturated fat resulting in a much healthier Canadian diet," said
McPhee. This year, the Vegetable Oil Industry of Canada introduced a
new health claim, developed by the University of Guelph and approved by
Health Canada, advising consumers to replace dietary sources of
saturated fat with polyunsaturated and monounsaturated fats from
vegetable oil to lower cholesterol, a risk factor for heart disease.
According to Statistics Canada, over 40 per cent of Canadians have high
"We are pleased that Health Canada supports the vegetable oil industry
in providing consumers with this important positive direction on what
dietary fats they should be eating to reduce cholesterol levels," said
McPhee, Vegetable Oil Industry of Canada (VOIC).
VOIC (VEGETABLE OIL INDUSTRY OF CANADA) INC. - VOIC (INDUSTRIE DE
L'HUILE VÉGÉTALE DU CANADA) INC. is a national not-for-profit industry
group representing 70,000 oilseed growers across Canada, seed
developers, oilseed processors and suppliers of fats and oils to the
food industry, and makers of oilseed-based food products such as
margarine, shortenings, cooking oil, salad dressing, mayonnaise and
dessert toppings. In 2011-2012, the vegetable oil industry, including
seed developers, growers, processors and consumer product makers, had a
combined direct economic impact of $7.5 billion in Canada from domestic
and export sales of vegetable oil.
Canadian Canola Growers Association, Grain Farmers of Ontario, DuPont
Pioneer, Dow AgroSciences, the Canadian Oilseed Processors Association,
Archer Daniels Midland Agri-Industries Ltd., Bunge Canada, Cargill
Limited, Loders Croklaan, Margarine Golden Gate-Michca Inc., Deoleo
Canada Ltd and Unilever Canada.
SOURCE: Vegetable Oil Industry of Canada
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