September 4, 2018 - 6:19 AM EDT
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The Manufacture of Vegetable and Animal Oils & Fat in South Africa 2018 - ResearchAndMarkets.com

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The "Manufacture of Vegetable and Animal Oils and Fat in South Africa 2018" report has been added to ResearchAndMarkets.com's offering.

The sector, which is dominated by vegetable oils and fats, is increasing production but remains a net importer. The country imported about 930,000 tons of vegetable and oilseed oil in the 2016/17 season including palm oil, soybean oil and sunflower oil, which accounted for 80% of local consumption as production of sunflower, soybeans, canola and groundnuts does not produce sufficient quantities to meet demand.

Soybean production is expected to increase by 5% to 1,4 million tons in the 2017/18 marketing year, mainly due to an increase of 35% in area planted. Sunflower seed production is estimated to decrease by 16% to 731,505 tons. While area planted increased 8%, the sector experienced lower yields due to the drought. Forecasts indicate South Africa's soybean and oilcake (meal) imports could decline by 27% and 17% year-on-year in the 2018/19 marketing year due to increased harvest.

The manufacture of oils and fats from vegetables and animals is part of South Africa's agro-processing sector which has grown at over 2% per annum since 2013 and is identified as a catalyst for inclusive growth due to its ability to create more jobs than the primary agricultural sector. As a result, it has attracted high levels of support and investment, reflected in increased planted areas and processing capacity.

Seed prices, however, remain under pressure, with most recent available figures showing marginal declines in the prices of sunflower seeds and marginal increases in the price of soybeans. The drought in has affected the edible oils sector. With almost 98% of the canola crop grown in the Western Cape, production declined in the 2017/2018 production season.

Companies Profiled

  • Africa Sun Oil Refineries (Pty) Ltd
  • D H Brothers Industries (Pty) Ltd
  • Elangeni Oil (Pty) Ltd
  • Epic Foods (Pty) Ltd
  • Epko Oil Seed Crushing (Pty) Ltd
  • Free State Oil (Pty) Ltd
  • Majesty Oil Mills (Pty) Ltd
  • PhilAfrica Foods (Pty) Ltd
  • Sea Lake Investments (Pty) Ltd
  • Sime Darby Hudson and Knight (Pty) Ltd
  • Southern Oil (Pty) Ltd
  • Standerton Oil Mills (Pty) Ltd
  • Sunola Oil Mills (Pty) Ltd
  • Unilever South Africa (Pty) Ltd
  • Wilmar Continental Edible Oils and Fats (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/research/rxmfrf/the_manufacture?w=4

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Related Topics: Oils and Fats


Source: Business Wire (September 4, 2018 - 6:19 AM EDT)

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