Last week a European Commission (EC) stakeholder forum on mineral oil hydrocarbons (MOH) was held. The forum included a presentation from the EC, as well as 13 presentations from stakeholders.
Here is a recap of the discussions: Representatives from many industries, including, but not limited to, spice, coffee, tea, olive oil, cocoa and oilseeds were among the stakeholders presenting and many commented on issues similar to those the omega-3 industry faces, such as mitigation challenges and problems with analytical methodology. There was no detailed discussion about these issues and the EC requested occurrence data be submitted to illustrate the problems.
Sign Up for GOED's First Technology & Innovation Roundup and Add Value to Your Business
Meet GOED's dynamic members — service providers, testing laboratories, contract manufacturers and more — on February 27 from 10:00 am – 12:30 pm EST[Click for your time zone]. Discover how their expertise, innovations and technology can add unparalleled value to your omega-3 business. Presenters include:
C-suite, technical directors, and plant managers, among others, should join this webinar to learn about what's new in the industry and how these companies can help them.
Please send any questions about this webinar to Ashley Becnel.
Please note that GOED does not analyze or make any representation of accuracy for the Omega-3 News items. This is simply a compilation of news articles found on the internet that are relevant to the EPA and DHA business.
Highlights
No Newsletter Next Week
Since the GOED team is at our biennial conference GOED Exchange 2024 this week, there will be no newsletter on Monday, January 29.
Production & Supply Chain
Peter Pan Seafood will close its largest seafood processing facility in King Cove, Alaska, for the 2024 "A" pollock season.
Japan's Consumer Affairs Agency granted "food with function" status to the following EPA and DHA products for their triglyceride-lowering and memory support properties:
Hokkaido Fine Chemical Co.'s Omega-3 EPA & DHA Premium | Read on »
Iwamizu Co.'s Drinking Omega Refreera EX | Read on »
Solutions Needed
GOED is offering connections for companies looking for omega-3 related solutions or partners. If you are interested in including an anonymous request, please contact Ashley Becnel.
A Chinese company is looking for 100 tons of 18/12 fish oil per year. [Posted 1/15/2024]
This report is complimentary for Leadership and Plus level members as a part of their membership. Read the report here.
Industry Events
GOED member SGS Nutrasource is hosting a webinar titled, "Dietary Supplement Safety: Understanding 21 CFR 111 & SSCI Audits" on January 29 at 2:00 pm EST.
NSF is hosting a webinar on its latest dietary supplement survey, covering consumer attitudes, retailer accountability, quality expectations, certification impact, and more.
According to data from SPINS/ClearCut Analytics, Garden of Life, owned by GOED member Nestle Health Science, and GOED member NOW Foods were ranked as the first and fourth top supplement brands respectively on Amazon for the twelve months ending August 2023.
US dairy company Organic Valley introduced Organic Valley Family First, a milk range formulated with 12 essential nutrients and added DHA omega-3 fatty acids to support brain health. Each serving offers 50 mg of DHA omega-3s.
GOED member Sirio received Friend of the Sea certification for its omega-3 products through the use of sustainably sourced fish oil and algae-based raw materials, along with various green technologies and energy-efficient measures.
Recent research from the University of British Columbia's Sea Around Us initiative revealed a 70% decrease in the yellowfin tuna biomass in the Indian Ocean over the past 70 years and a 54% decline across all managed regions since 1950.
Cathay Innovations, a health focused international venture capital firm, along with China Railway Construction Investment Group and Shandong Health Group, have become new investors in Chinese krill-processing firm Function (Qingdao) Marine Technology.
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