FOCUSLIQUIDS - QUALITY EXPERIENCE - SGS
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FOCUS LIQUIDS
MAY 2021
PERFORMANCE
EXPERIENCE
QUALITY
Introduction ............................................................................ 2
Palm oil .................................................................................... 3
Soybean oil ............................................................................. 4
Rapeseed oil .......................................................................... 5
Sunflower oil .......................................................................... 6
Coconut oil ............................................................................. 7
Olive oil .................................................................................... 8
Molasses ................................................................................ 9
Used cooking oil .................................................................. 10
Fish oil ................................................................................... 11
MAY2008
N° X • XXXXXXXX 2021
INTRODUCTION
Dear Customer, SGS SOLUTIONS FOR THE GLOBAL AGRI and discharge ports), weight cover with
As the global market leader in LIQUIDS INDUSTRY: or without franchise and administrative/
agricultural commodities inspection and We provide globally: procedural requirements.
testing, we provide top-of-the-range • Bulk loading and Our wealth of experience and vast
testing, inspection and certification technical knowledge of quality, storage
discharge supervision
services on a daily basis. and transportation also means that
• Container and flexitank/bag loading
We proudly serve our wide range of we are expertly placed to offer our
and discharge supervision
customers, from local organizations customers guidance and support to
• Sampling
to companies heavily involved in the assist them with their training needs.
• Quality and analytical testing
global supply chain, processors and We will introduce some of our agri
• Risk management
consumers. Our network of over liquids team members in this newsletter,
2,600 offices, 89,000 employees and Our laboratories operate under explaining their expertise as it relates
numerous laboratories allows us to strict guidelines and are accredited to specific agri commodities, but
provide our customers with an unrivaled to ISO/IEC 17025. please note that their scope often
level of expertise. As an analyst and superintendent very wide and extends beyond these
In recent years, global consumption of member of the Federation of Oils, Seeds individual commodities. The
vegetable oils, animal fats and other and Fats Associations (FOSFA) we commodities highlighted within
edible liquids has seen a considerable can inspect, verify and analyze oils and this newsletter include:
– and consistent – growth. This is fats. We are also members of PORAM,
ANEC, and NOFOTA. • Palm oil
mainly due to worldwide population
growth and increasing prosperity • Soybean oil
Additionally, we do offer our customers
in developing countries. Increasing FOG (full outturn guarantee) service • Rapeseed oil
industrial consumption for feedstock to cover any weight discrepancies • Sunflower oil
in the biodiesel, renewables and between the loading and discharging of • Coconut oil
oleochemicals market are also a shipment. • Olive oil
key drivers. • Molasses
FOG provides a one-stop-shop to
However, this rapid growth was • Used cooking oil
simplify end-to-end shipping operations.
somewhat halted in 2020 as a result All shipping services are now grouped • Fish oil
of adverse weather conditions, the together and centralized, including full
widespread effects of COVID-19 and a inspection services at both ends (load
global shortage of shipping containers.
ARD ASSENBERG VAN EIJSDEN
Global Business Manager Liquids
Ard.Assenberg@sgs.com
COMMITMENT
PAGE 2
MAY2008
N° X • XXXXXXXX 2021
PALM OIL
Palm oil is the world’s most consumed The world’s largest importers, A single palm tree alone is capable of
oil, accounting for approximately 36% responsible for importing 58% of the producing around 40 kg of oil per year,
of all global vegetable oil and animal fats global market share (roughly 28.7 MMT), with palm fruit containing an oil content
production. Annual palm oil production are India, China, the European Union, of around 30 - 35%.
has increased from roughly 20 MMT in Pakistan, Bangladesh and the 2020 saw palm oil production dip below
2000 to 75 MMT in 2020 according to United States. the expected levels, at least for the first
the USDA. Palm oil’s popularity and versatility 9 months of the year, which resulted in
Indonesia and Malaysia, the world’s means that it can be found in a large lower stocks. However, this can partly
largest and second-largest palm oil variety of packaged products on be attributed to the effects of COVID-19,
producers respectively, account for supermarket shelves. What’s more, the rising price of soybean oil and a
almost 85% of the total global supply. it’s also an incredibly efficient crop – general shortage of labor.
However, palm oil is also produced in requiring only 10% of the land that other
42 other countries, including Thailand, crops need to grow.
Colombia and Nigeria.
NORO HUTOMO JASON CHUA PRASERT JUNJAIWONG RICHARD OBASI OMAR NOVOA
Business National Sales General Cargo National Operations Business
Manager Manager Department Manager Manager Manager
Indonesia Malaysia Thailand Nigeria Colombia
Noro.Hutomo@sgs.com Jason.Chua@sgs.com Prasert.Junjaiwong@sgs.com Richard.Obasi@sgs.com Omar.Novoa@sgs.com
Thailand
Colombia Nigeria
Malaysia
Indonesia
World’s largest exporters
PAGE 3
MAY2008
N° X • XXXXXXXX 2021
SOYBEAN OIL
Soybean oil is the world’s second-most- Currently, China, the United States, Compared to other vegetable oils,
consumed oil. Global production in 2020 Brazil, Argentina, the European Union, soybean oil has a relatively high smoke
reached around 60 MMT, accounting India, Mexico, Russia, Egypt and point of > 230°C. This makes soybean
for roughly 25% of global vegetable oil Paraguay are the world’s foremost oil a good option for high-heat cooking
and animal fats production according soybean oil producers. The soybean oil methods such as frying as it can
to the USDA. Brazil, the United States, market consists of inland shipments, withstand high temperatures without
Argentina and Paraguay are the world’s imports, and exports. breaking down. To further increase the
leading soybean oil exporters. Soybean oil is high in polyunsaturated high temperature, stability soybean oils
On a global level, an increasing number fatty acids (mainly C18:2 linoleic acid) are sometimes partially hydrogenated.
of countries are choosing to produce which are known to have a positive Global production relies heavily on
their own soybean oil by crushing effect in reducing the risk of heart favorable weather conditions as well
imported soybeans in local facilities. For diseases. Some studies also indicate as supportive governmental import and
instance, in Algeria, soybean imports that consumption of soybean oil might export tariff policies.
have skyrocketed to more than 550,000 lower LDL (bad) cholesterol levels in
MT in 2019/20 (compared to a mere the blood.
150,000 MT in 2017/18).
HECTOR OPORTO MARIANO SCIPPO CARLOS BANDEIRA THOMAS SLOAN CHAD BECNEL
Business Manager Commercial Operation and Trade Service Manager, Business
Argentina and Product Manager Execution Manager Business Manager Solutions & Strategy
Paraguay Argentina and Paraguay Brazil USA USA
Hector.Oporto@sgs.com Mariano.Scippo@sgs.com Carlos.Bandeira@sgs.com Thomas.Sloan@sgs.com Chad.Becnel@sgs.com
USA
Brazil
Paraguay
Argentina
World’s largest exporters
PAGE 4
MAY2008
N° X • XXXXXXXX 2021
RAPESEED OIL
At around 27 MMT rapeseed oil is the food or biodiesel industries. Canada is increased sales of soybean oil and
world’s third most produced oil behind the world’s largest producer, followed by palm oil – though the latter has been
palm oil and soybean oil. the European Union, India and Australia. hampered by solidification issues when
There has been a marked increase in The European Union and China are the used in colder climates.
consumption throughout Europe in world’s largest rapeseed oil and canola While rapeseed oil and palm oil are
recent years. This is largely because oil consumers, though in China these promising biofuels, their uptake has
rapeseed oil contains few saturated oils are only ever used within foodstuffs. been halted by various governmental
fatty acids (7%) and it has a balanced Rapeseed oil possesses great biodiesel policies. For example, in January 2020,
profile between omega 9 (61%), potential. In fact, Rudolph Diesel first the French government announced it
omega 6 (21%), and omega 3 (11%). tested how effective vegetable oils were would stop providing tax advantages to
Therefore, it’s one of the healthiest oils at powering engines around a century anyone that produces palm oil for the
to consume, alongside olive oil. ago. Due to the climate crisis, biodiesel purposes of using it as a biofuel. What’s
Rapeseed oil, or canola oil (which was has seen a significant resurgence more, French producers now also
developed as a low-glucosinolates in popularity in recent years, which have to guarantee that biofuels were
and low-erucic acid alternative) is has directly increased global demand produced under conditions ensuring net-
predominantly used in the animal feed, for rapeseed oil. This trend has also zero greenhouse gas emissions.
FRASER GILBERT FRANK CARTER JEAN-PHILIPPE CIRCAL PHILIPPE LEGUENNEC BERTRAND VIVANCOS
Senior Strategic Regional Director Division Agri Commercial Manager Agri Director Region
Business Development Manager Trade and Minerals & Minerals Commodities Nord Ouest
Canada Canada France France France
Fraser.Gilbert@sgs.com Frank.Carter@sgs.com Jean-Philippe.Circal@sgs.com Philippe.Leguennec@sgs.com Bertrand.Vivancos@sgs.com
Canada
European Union
China
India
Australia
World’s largest exporters
PAGE 5
MAY2008
N° X • XXXXXXXX 2021
SUNFLOWER OIL
Sunflower oil, with its share of just refined sunflower oil to neighboring “Edible sunflower seeds” (boasting just
under 10% (or 19.36 MMT) of the global Syria and as well to Africa. Iraq used to 22 – 35% oil content).
vegetable oil market, is primarily used in import from Turkey until 2017, until a Sunflower seed crushing is typically
the food industry. Ukraine (responsible sunflower oil refinery was established in a low-margin, high-volume business,
for 51% of global exports) and Russia the Medhatya region. in which it is more common to import
(responsible for 28%) are the world’s Sunflowers are an attractive agricultural crude oil and to then refine it locally.
primary producers and exporters, with crop due to having one of the shortest Crude sunflower seed oil often
the European Union also accounting growing seasons of all major vegetable contains sediments – though if the
for a significant share of sunflower oil crops. There are roughly 70 oil is handled properly during storage,
oil production. different species that are divided into loading, transportation and discharge,
The world’s largest importers are India, two main categories: “Oil sunflower such impurities matter for little.
the European Union, China, Iran, Iraq, seeds” and “Edible sunflower seeds”. However, if it is handled incorrectly,
Egypt, Turkey, South Africa, Uzbekistan Approximately 80% of the sunflower’s then sedimentation may cause
and Chile. Interestingly, Turkey is a large value comes from the oil, meaning “Oil serious operational issues, as well as
importer of crude sunflower oil from sunflowers seeds” (boasting 45 – 54% significantly devaluing your stock.
Russia and Ukraine, before exporting oil content) are more valuable than
Russia
Ukraine
SERGEY DERZHAVIN IGOR STEPANYUK
Business Head of Veg Oil
Development Manager Product Manager
Russia Ukraine World’s largest exporters
Sergey.Derzhavin@sgs.com Igor.Stepanyuk@sgs.com
EXCELLENCE
PAGE 6
MAY2008
N° X • XXXXXXXX 2021
COCONUT OIL
Coconut oil – a more expensive product – albeit lower-quality – yield. It involves Coconut oil is typically used within the
– is produced far less than its cheaper extracting the meat from the shell food and cosmetics industries. When
counterparts, with production reaching before drying it using sunlight, a fire, or made into soap, it results in a harder
around 3.6 MMT in 2020 according to a kiln. This produces something known product, though it retains a higher water
the USDA. as the copra, which is then pressed content than other alternatives which
The Philippines is the world’s largest or dissolved with solvents in order to increases manufacturer yields. However,
producer, followed by Indonesia. produce the coconut oil itself. in the Philippines, biodiesel fuel derived
However, due to a decline in production The wet process, on the other hand, from coconut oil is currently being used
caused by weather conditions, requires industrial equipment, energy as an alternative fuel source to power
oversupply of global vegetable oils and and high operating costs – though generators, automobiles, trucks
high commodity prices, coconut oil despite the extra equipment, the yield is and buses.
exports from the Philippines decreased typically about 10-15% smaller. Another Our Philippines office is a member of
significantly in 2019 and 2020. alternative method is to create virgin the United Coconut Association of the
Coconut oil can be extracted by either coconut oil, which can be produced Philippines (UCAP).
“dry” or “wet” processing methods. using fresh coconut meat, milk
The dry process is generally favored by or residue.
small-scale farmers, resulting in a higher
ALEJANDRO MAILOM RICO MERA WIGELA DE GUZMAN
Business Manager Operations Manager Technical Sales Specialist
Philippines Philippines Philippines
Alejandro.Mailom@sgs.com Rico.Mera@sgs.com Wigela.Deguzman@sgs.com
Philippines
TRUST
Indonesia
World’s largest exporters
PAGE 7
MAY2008
N° X • XXXXXXXX 2021
OLIVE OIL
It’s estimated that olive oil production As with other vegetable oils, olive oil is Olive oil’s taste is largely influenced by
first began all the way back in 6,000 also subject to changing governmental its production method. Virgin olive oils
BC. Given its rich history, however, regulations. For instance, recent US are the least affected, however, because
global olive oil production is relatively import tariffs of 25% on bottled imports they are produced under conditions
small when compared to all the other of Spanish olive oil has led to two that do not alter the oil itself in any way.
major vegetable oils – reaching around major developments: What’s more, they do not undergo any
3.2 MMT in the 2019/2020 crop 1. Commercial agreements with US further treatment aside from washing,
year according to the USDA. Olive companies that they will bottle all decantation, centrifugation and filtration.
oil is typically used in the food and imported oil themselves. Virgin olive oils that are fit for
pharmaceutical industries. The world’s consumption as they are include: extra
largest producers are Spain, Morocco, 2. Increased exports of packaged oil to
virgin olive oil, ordinary virgin olive oil
Turkey, Greece and Italy. Spain alone is Australia and Asia (such as China
and refined olive oil.
responsible for around half of all global and Japan).
production and exports roughly 46% of
all that it produces.
DAVIDE BUSANI CARLO PROSTAMO PATRICIA GIL DE BIEDMA FURKAN TURAN DIMITRIS KOSTOPOULOS
Business Operations Sales and Trade Sales Business
Manager Customer Care Manager Manager Manager Manager
Italy Italy Spain Turkey Greece
Davide.Busani@sgs.com Carlo.Prostamo@sgs.com Patricia.Gildebiedma@sgs.com Furkan.Turan@sgs.com Dimitris.Kostopoulos@sgs.com
Italy Greece
Spain Turkey
Morocco
World’s largest exporters
PAGE 8
MAY2008
N° X • XXXXXXXX 2021
MOLASSES
Molasses is a liquid by-product that Molasses can also be used to produce
is produced from refining sugarcane ethanol, with India currently leading the
or sugar beets into sugar. It’s mainly way in this specific field. EXPERTISE
composed of water (22%) and sugar in Molasses varies in quality according to
the form of sucrose (75%). seasonal and regional conditions. Mills
In 2020, the global molasses market also pay strict attention to maximizing
was estimated to be worth USD12.9 sugar recovery during molasses
BN. The world’s leading exporters of production. Molasses is mainly used
molasses are India, Indonesia, Russia, as an additive to animal feed or as a
Germany and Guatemala, while the fermentation feedstock, though it can
largest importers are the United States, also be used for cooking, baking and for
United Kingdom, Netherlands, Belgium a variety of industrial purposes.
and South Korea.
ANDREAS RATH ASHOK PATKA
Business Manager
Development Manager – Agri Liquids
Germany India
Andreas.Rath@sgs.com Ashok.Patka@sgs.com
Russia
Germany
India
Guatemala
Indonesia
World’s largest exporters
PAGE 9
MAY2008
N° X • XXXXXXXX 2021
USED COOKING OIL
The global market for used cooking oil within restaurants, and by individual
(UCO) is currently estimated to be worth households themselves. UCOs are a
around USD 6 BN. Given the worldwide popular feedstock for biodiesel and
demand, it’s expected that this will rise renewable diesel.
significantly in the near future – though Most UCO is shipped via flexi-bags
recent price increases might halt in containers, though bulk shipments
this progress. are an increasingly attractive option
China is the world’s largest exporter, – especially considering the current
with Chinese exports growing from shortage of container vessels and the ALEE LI
high container prices from China to Deputy Director
109,000 MT in 2016 to more than 1
the EU. China
MMT forecasted for 2021. SGS boasts a
strong network and first-class laboratory Alee.Li@sgs.com
UCOs generally contain significant
capabilities to support our customers’ impurities, such as Free Fatty Acids
UCO businesses. (FFA) and moisture, which must
Other notable exporters include be removed before beginning the
Indonesia, Malaysia, Saudi Arabia and transesterification process. The acid and
the United States. saponification values determine both the
SGS offers one-stop shop services at quality and the price of UCO.
both the loading port and discharging While the more mature restaurant’s
port. We provide our customers with UCO collecting industry is now well-
critical assistance when it comes to established, there’s still significant
growth potential when it comes CHAD BECNEL
selecting suppliers and developing
Manager, Business
their export business. For example, to household collection of UCO. Solutions & Strategy
we help customers achieve ISCC Households can be incentivized USA
certification, which hugely benefits to participate by reiterating that
Chad.Becnel@sgs.com
their sustainable development and regularly disposing of UCOs down
overall business growth. the sink may well lead to blockages
UCOs are waste oils and fats primarily and contamination to water systems
produced by companies operating occurring further down the line.
in the food processing industry,
Germany
USA
China
Saudi Arabia
Malaysia
Indonesia
World’s largest exporters
PAGE 10MAY2008
N° X • XXXXXXXX 2021
FISH OIL
With a market that’s estimated to be This is then turned into omega-3 fish oil
worth over USD 2 BN, the world’s for both human consumption and for the
leading fish oil exporters include Peru, purposes of aquaculture.
the United States, Norway, Denmark, Fish oil is primarily used within the
Chile, China, Japan, Vietnam, Iceland, aquaculture industry, with around 50%
India, Morocco and Ecuador. The main of all global consumption used to feed
importers are China, Canada, United salmon. However, it’s also popular for
States, Norway, Denmark and Chile. human consumption, boasting a range PERFORMANCE
Peru is one of the world’s main of proven health benefits.
producers of fish oil, manufacturing Commercialization of fish oil is carried
180,000 MT in 2019. The oil is out in bulk, using tankers and flexitanks.
made from anchoveta containing
polyunsaturated fatty acids high in
EPA and DHA.
AMER SOULTANE FREDDY BAUTISTA
Trade Manager Oils & Fats Service Head
Morocco Peru
Amer.Soultane@sgs.com Freddy.Bautista@sgs.com
Iceland Norway
Denmark
Japan
USA
China
Morocco
India
Vietnam
Ecuador
Peru
Chile
World’s largest exporters
PAGE 11© SGS Société Générale de Surveillance SA – 2021 – All rights reserved - SGS is a registered trademark of SGS Société Générale de Surveillance SA
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