The FDA has determined that partially hydrogenated oils are not considered safe, opening up a space to others with smaller amounts of saturated fat, such as palm oil.
Tuesday, August 11, 2015
From a statement issued by the Foreign Trade Promotion Office:
In June 2015 the Food and Drug Administration (FDA) of the United States determined that the partially hydrogenated oils (PHOs), the main source in the food industry of saturated fat will not be considered safe (known as GRAS status) in food. The intensification of regulatory controls for saturated fats is causing a reformulation of the food industry, opening the door to more sustainable resources such as oil palm.
According to a new report by Grand View Research, it projects that the global market for palm oil will have a value of US $88,000 million in 2022, mainly led by the healthy demand for vegetable oils containing low amounts of saturated fat, as well as by the growing demand for alternative biofuels.
¿Busca soluciones de inteligencia comercial para su empresa?
In the last week the price of a metric ton of palm oil went from $560 to $710, due to increased demand for the product to be used as biofuel and the fall in production in Asia.
The rise in biofuels and the fall in production of palm oil in Asia, the world's leading supplier, has benefited the price of oil derived from these plantations worldwide, rising from $560 to $710 in the last week of March.
Drought in Southeast Asia is creating opportunities to export more palm oil to Europe, where the entry of the product is duty free because of the Association Agreement with Central America.
The fall of up to 45% in the production of palm oil in Southeast Asia (the world's leading producer) due to El Niño has opened up an opportunity for Central American countries to export the product to markets such as Europe.
Food manufacturers have a period of three years to comply with the rule requiring the elimination of artificial saturated fats from processed foods.
From a statement issued by the Embassy of Taiwan in Guatemala:
The Food and Administration (FDA) reported on 7 August that following the latest changes in the United States eliminating artificial saturated fats in processed foods, food manufacturers will be given a period of three years to comply with the standard and eliminate these substances from their products.
Within a period of three years all processed foods containing partially hydrogenated oils must be removed from the US market.
From a press release issued by the FDA:
Based on a thorough review of the scientific evidence, the U.S. Food and Drug Administration today finalized its determination that partially hydrogenated oils (PHOs), the primary dietary source of artificial trans fat in processed foods, are not “generally recognized as safe” or GRAS for use in human food. Food manufacturers will have three years to remove PHOs from products.
×
ok
6931Government Procurement Opportunities in the region
español
6931
