Latest news with #GMO-free
Yahoo
30-05-2025
- Business
- Yahoo
Australian Oilseeds Holdings Limited Announces Conversion of Existing A$5 Million of Debt to Equity, Strengthening Balance Sheet Moving Forward
COOTAMUNDRA, Australia, May 30, 2025 (GLOBE NEWSWIRE) -- Australian Oilseeds Holdings Limited (the 'Company') (NASDAQ: COOT), a manufacturer and seller of sustainable edible oils to customers globally, today announced a A$5 million debt-to-equity conversion (the 'Conversion'). In connection with the conversion, JSKS Enterprises Pty Ltd., ('JSKS'), an entity controlled by Gary Seaton, Chief Executive Officer and a member of the Company's Board of Directors, converted approximately A$5 million of its outstanding loan into 4,452,479 shares of Company's ordinary shares, $0.0001 par value per share ('Ordinary Shares'). Gary Seaton, Chief Executive Officer, commented, 'We continue to be very pleased with the momentum and trajectory of our business. The decision to convert a meaningful portion of debt to equity strengthens our balance sheet and enhances financial flexibility while also demonstrating the long-term commitment to the Company's future by management and its shareholders, which will reduce our debt by A$5 million and increases our shareholders' equity by the same amount, and is in line with our strategy to optimize our capital structure.' Pursuant to the Conversion, the principal amount of all loans made to the Company by JSKS, along with accrued interest through April 30, 2025, will be deemed repaid by the Company and all of its obligations with respect to the principal amount and accrued interest will be satisfied in full and cancelled. In exchange, the Company has issued to JSKS 4,452,479 Ordinary Shares. About Australian Oilseeds Holdings Limited. Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the 'Company') (NASDAQ: COOT) through its subsidiaries, including Australian Oilseeds Investments Pty Ltd., an Australian proprietary company, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company's cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," "shall" and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K for June 30, 2024 and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements. ContactAustralian Oilseeds Holdings Limited126-142 Cowcumbla StreetCootamundra New South Wales 2590Attn: Amarjeet Singh, CFOEmail: amarjeet.s@ Investor Relations ContactReed Anderson(646)
Yahoo
30-05-2025
- Business
- Yahoo
Abu Dhabi and Dubai Form Core Pillars in UAE's Expanding Animal Feed Sector
The UAE Animal Feed market, valued at USD 1.26 billion, is expanding due to growth in poultry and livestock farming. Dominated by Abu Dhabi and Dubai, the market benefits from investments in agri-food corridors. Compliance with MOCCAE standards, reliance on imports, and rising pet food demand impact market dynamics. Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "UAE Animal Feed Market Outlook to 2029" has been added to offering. The UAE Animal Feed market, currently valued at USD 1.26 billion, has demonstrated a robust compound annual growth rate over the past five years. This growth is primarily fueled by the expanding poultry and livestock farming sectors. With an animal feed consumption volume reaching 3.00 million tonnes, the market's demand is driven by both meat production and pet food needs. Leading the market are Abu Dhabi and Dubai, thanks to their strong agri-food investment corridors, integrated feed mill operations, and high demand for broiler and ruminant feed. Abu Dhabi is home to prominent facilities like Agthia and Al Ghurair Foods, producing 10,000 MT of poultry feed annually. Dubai provides excellent infrastructural support with logistics parks and dry ports, facilitating efficient importation of crucial raw materials such as soy and corn. The Ministry of Climate Change and Environment (MOCCAE) mandates stringent guidelines for imported animal feed, requiring pre-registration with detailed safety and nutritional documentation. Over 85% of feed imports undergo inspection under UAE's animal health regulations. Inspections are conducted at key ports including Jebel Ali, KIZAD, and Fujairah Free Zone. The regulations include requirements for certification of origin, bilingual labeling, and mandatory GMO-free declarations. Recent amendments to UAE Customs rules introduce batch-level traceability for 2024. UAE Animal Feed Market Segmentation The market is segmented by feed type into poultry, livestock, pet feed, and aquaculture. Poultry feed dominates due to the high demand for broiler meat, supported by investments in large-scale hatcheries and local feed production plants. This aligns with the country's strategy to reduce import dependency and enhance high-protein output. The poultry feed segment is further divided into broiler feed, layer feed, and other bird feeds, with the broiler feed segment holding the majority share due to its role in high-volume broiler meat production. The UAE's production of 2,880 tons annually and hatcheries' output of 10 million day-old chicks underscore the requisite feed for rising chicken consumption. UAE Animal Feed Market Competitive Landscape Dominated by integrated regional producers, the market benefits from robust infrastructure, automated feed mills, and efficient supply chains. Leaders like National Feed and Agrivita boast significant production capacities across various animal segments, including poultry, livestock, and aquaculture. Customized feed formulations, compliance with UAE safety standards, and expansions in free zones fortify their market presence. UAE Animal Feed Market Analysis Growth Drivers The UAE's poultry integration and broiler production are significant growth drivers. Producing over 10 million day-old chicks annually and handling 10,000 metric tons of poultry meat per year, these efforts cater to internal protein demands while reducing import reliance. The UAE Food Security Strategy 2051 underscores this vertical integration's role in fostering domestic feed demand. Additionally, the livestock population in the UAE has grown to over 2.2 million heads, propelled by increased meat consumption and dietary preferences. The emirate's demand for poultry-derived feed inputs supports deeper integration of local livestock systems with feed production cycles, backed by national programs promoting food self-reliance. Urban growth has also spurred pet food demand. With 1.5 million registered pets, primarily in Dubai and Abu Dhabi, urban pet ownership drives the need for specific feeds. The middle class, estimated to be over 3 million, is shifting towards high-nutrition packaged pet foods, boosting the feed segment demand. Market Challenges The UAE heavily relies on raw feed ingredient imports, sourcing over 90% of materials like corn and soybean meal from Brazil, Argentina, and India. Geopolitical tensions and logistics disruptions can lead to immediate feed shortages, as seen in 2023 with Red Sea shipping delays affecting feedstuff movement. Additionally, producing animal feed in the UAE requires significant water usage. The average water footprint for 1 kg of feed ranges between 500 to 1,000 liters due to the arid climate. This places environmental pressure on local production given declining groundwater reserves. UAE Animal Feed Market Future Outlook Over the next five years, the UAE Animal Feed Market is poised for stable growth, driven by strategic policy reforms and national food security initiatives. Anticipated investments in aquaculture, camel feed, and integrated ruminant-poultry systems align with Vision 2030 and the National Food Security Strategy 2051. Increasing demand for non-GMO and functional feed additives, in line with consumer preferences for ethically sourced products, will further shape market dynamics. Market Opportunities Expansions in India's cold storage infrastructure play a crucial role, with over 7 million metric tonnes added. The evolving cold chain network positively impacts FMCG logistics, favoring canned beverage distribution due to advantages such as reduced refrigeration needs and stackability. Moreover, the localization of can components is transforming India's packaging ecosystem. The Production Linked Incentive (PLI) schemes are driving domestic setups for aluminum lids and digitally printed sheets, reducing reliance on imports and enhancing supply chain efficiencies. This shift anticipates more cost-effective, high-speed production, aligning with the next phase of growth in the canned beverage sector. Company Coverage Includes: National Feed and Flour Agthia Group (Agrivita) Fujairah Feed Factory Zabeel Feed Al Marai Al Hodiedha Feed Industry Key Topics Covered: UAE Animal Feed Market Overview Definition and Scope Market Taxonomy Market Growth Rate Market Segmentation Overview UAE Animal Feed Market Size (In USD Million and Million Tonnes) Historical Market Size by Value Historical Market Size by Volume Growth Rate Analysis Key Market Developments and Inflection Points UAE Animal Feed Market Analysis Growth Drivers Expansion in Livestock Population Government Initiatives & Sustainability Programs Shift to High-Protein Feed Composition National Food Security Strategy Restraints Heavy Dependence on Imports Climate and Water Constraints Opportunities Localization of Feed Mills and Production Adoption of Smart Feeding Technologies Trends Growth of Green & Sustainable Feed Rise of Specialized Formulated Feed Growth in Pet Ownership and Pet Nutrition Government Regulations Feed Registration and MOCCAE Mandates Inspection and Sampling Policies GMO Restrictions and Import Certifications Packaging and Labelling Requirements SWOT Analysis Ecosystem Mapping Porters Five Forces Analysis Competition Ecosystem UAE Animal Feed Market Segmentation By Type By Form By Procurement Mode By Ingredient Type By End Use Segment UAE Animal Feed Market Competitive Analysis Detailed Company Profiles Cross Comparison Parameters Market Share Analysis Strategic Initiatives and Facility Expansions Joint Ventures and Strategic Partnerships Investor Participation and Private Capital Inflows Government Support and Feed Security Incentives UAE Animal Feed Market Regulatory Landscape MOCCAE Feed Import Policy Emirates Authority for Standardization & Metrology (ESMA) Sampling, Quality Testing & Veterinary Clearance Certification, Safety and GMO-Free Norms Animal Welfare Compliance and Packaging Guidelines UAE Animal Feed Future Market Outlook Future Market Size Projections Demand Forecast by Livestock and Poultry Growth Projected Share of Domestic Feed Production Investment Opportunities in Local Feed Mills Technology-Driven Feed Solutions for 2030 Feed Security UAE Animal Feed Market Analyst Recommendations TAM, SAM, SOM Opportunity Mapping Strategic Import Substitution Roadmap Feed Optimization Frameworks Local Manufacturing Cost Benefit Analysis Regional Market Prioritization For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
09-04-2025
- Business
- Yahoo
Soorty, OCA partner to boost sustainable cotton in Pakistan
Through Soorty's partnership in the OCA Seed Commercialization Initiative it is tackling the long-standing challenge of providing access to safe, non-genetically modified organism (GMO) cotton seeds and boosting the traceability of sustainable cotton in Pakistan. By participating in this project, SOCI can supply farmers with dependable access to superior, non-GMO seeds, marking a significant advancement in the cultivation of organic cotton. Soorty agriculture ventures and traceability head Dr Yousaf said: "As we embrace project digitalisation, we are revolutionising farmer advisory with modern tools, ensuring traceability through the digital bale passport, and strengthening our initiatives with a dedicated seed laboratory. By launching the new ROC project, we are not just advancing sustainability — we are empowering farmers, enhancing transparency, and shaping the future of responsible agriculture." Soorty's approach to sustainability encompasses a broad spectrum of activities including regenerative and organic farming, recycling advancements, traceability efforts, and ethical manufacturing practices. The company integrates responsible sourcing, an innovative culture, social impact, and digital transparency to demonstrate that denim production can be conducted in a manner that benefits both the environment and individuals within the supply chain. Soorty's additional sustainability endeavours include promoting social uplift and transforming Pakistan's cotton sector via sustainable practices. SOCI and the Soorty Regenagri Initiative (SRI) are central to these efforts, providing non-GMO, ethically produced cotton that also rejuvenates the soil. These initiatives offer farmers financial stability, education, and ongoing support while integrating traceability solutions and ensuring fair market access for growers. Second Life, a trademark brand of recycled cotton products under the Soorty umbrella, enhances Soorty's commitment to circularity by converting post-consumer and post-industrial waste into new, traceable denim products. Soorty is also working towards achieving Regenerative Organic certification by year-end. This certification will complement Soorty's existing organic programmes aimed at enhancing soil health and biodiversity. Furthermore, the company has initiated a project that will provide brand partners and eventually consumers with visibility into the origins of their cotton. The introduction of QR-coded cotton bales is anticipated by the end of this year, enabling users to verify the source of their cotton and promote accountability within the supply chain. The newly established Soorty Seed Integrity Lab represents another investment in quality assurance. The lab is equipped to conduct off-season testing in climate-controlled environments, assess fibres purity, verify GMO-free seeds, and measure sustainability metrics to uphold industry standards. Soorty has also partnered with digital agriculture platform SAWIE to empower farmers by providing them with access to data analytics and artificial intelligence through a digital agricultural platform. A formal agreement was signed on 22 January as part of Soorty's dedication to enhancing cotton-growing communities in Pakistan. SAWIE CEO Dr Khalid Mahmood said: 'Through SAWIE Trace, we are enabling full transparency from farm to fashion, ensuring that every step of the journey is rooted in sustainability. By integrating regenerative and organic farming systems, we aim to reduce the ecological footprint of cotton, enhance water conservation, improve soil health, lower carbon emissions, and improve farmer incomes. This partnership marks a significant step towards a more responsible and climate-smart textile industry.' Soorty is implementing initiatives that strengthen women's roles in farming communities and digitising financial transactions to increase transparency and efficiency for all stakeholders involved. In August last year, Soorty Enterprises claimed to be the first organisation in Pakistan seeking to hit net-zero greenhouse gas emissions by 2050 with the Science-Based Targets initiative (SBTi) validating its near-term reduction targets. "Soorty, OCA partner to boost sustainable cotton in Pakistan" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
19-03-2025
- Business
- Associated Press
Australian Oilseeds Sees Surging Demand for its Canola Oil from China
COOTAMUNDRA, Australia, March 19, 2025 (GLOBE NEWSWIRE) -- Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the 'Company') (NASDAQ: COOT) today announced that it is seeing surging demand for its canola oil products from China in response to the ongoing trade war between China and Canada. 'Our high-quality oils are well positioned for growth in China and the partnership with Shanghai Maiwei Trading Co., which we announced in January 2025, provides a strong foundation to capitalize on the recent surge in demand for our canola oil,' said Gary Seaton, Chief Executive Officer. 'We have received numerous inquiries from both private and state-owned enterprises and anticipate entering into several long-term supply agreements with Chinese companies over the next 12 months.' According to the United States Trade Representative (USTR), in 2024, the United States (US) goods trade with Australia totaled an estimated $51.3 billion, with US goods exports to Australia at $34.6 billion and imports from Australia at $16.7 billion, resulting in a trade surplus of $17.9 billion for the US. Currently, a majority of sales are from the domestic market through major supermarkets and retailers, thus any current or future trade tariff's implemented by US are expected to have no significant impact on sales or profitability of business. About Australian Oilseeds Investments Pty Ltd. Australian Oilseeds Investments Pty Ltd. is an Australian proprietary company that, directly and indirectly through its subsidiaries, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company's cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds. Forward-Looking Statements: This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as 'expect,' 'anticipate,' 'should,' 'believe,' 'hope,' 'target,' 'project,' 'goals,' 'estimate,' 'potential,' 'predict,' 'may,' 'will,' 'might,' 'could,' 'intend,' 'shall' and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements. Contact 126-142 Cowcumbla Street Cootamundra New South Wales 2590 Attn: Bob Wu, CFO
