Cargill says US can’t replace vegetable oils due to lack of alternatives
Cargill Inc. says the U.S. food industry can’t completely replace vegetable oils because there aren’t enough alternatives on the market and science supports the health benefits of oilseeds, said Florian Schattenmann, Cargill’s chief technology officer.
A full-scale campaign to promote animal fats as a replacement for vegetable oils is underway in the United States. Calls to limit the use and purchase of oils are creating a lot of uncertainty for farmers who are already struggling with tariff wars that have roiled markets, Bloomberg reports.
The best alternatives together account for about 5% of the total oil volume, Schattenmann said. The U.S. processes 1.2 billion pounds of soybean oil for food use each month, compared with 75.6 million pounds of edible fat, according to the U.S. Department of Agriculture.
“We don’t see that sentiment in Europe, for example, which is as health-conscious as the U.S. in many ways. When something is limited to a certain country, it makes you wonder, is it science or is it more emotion?” asks a representative of one of the world’s largest oilseed processors.
Vegetable oils make up the majority of the world’s edible oil supply, which also includes palm, coconut, sunflower, olive, mustard, flax and avocado oils. “None of these sources, with the exception of palm oil, have the size and scale to meet current global consumer demand,” Cargill said in a statement, adding that vegetable edible oils are 20 times more widely produced than alternatives.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Invest in the Best: What Attracts Investors in Agri Today
Ukraine ready to delay EU agricultural subsidies to speed up accession process
Global soybean processing to exceed 100 mln tons for the first time
Bangladesh’s corn imports rise amid expanding feed industry
Global rapeseed market expects increased supply from the EU
Write to us
Our manager will contact you soon