Canada
July 30, 2020
Nuseed Americas Inc., a wholly owned subsidiary of Nufarm Limited (ASX:NUF), today welcomed confirmation from Canada’s relevant regulatory authorities that its proprietary DHA refined canola oil has been deemed to be safe for human consumption and that DHA canola crude oil and meal are safe for aquaculture and livestock feed, respectively.
In releasing its assessment, Health Canada determined that the highly refined oil derived from Nuseed’s Omega-3 Canola is safe for human consumption as or in foods in Canada.
Separately, The Canadian Food Inspection Agency (CFIA) determined that Nuseed’s Omega-3 Canola meal is safe for use in livestock feed and the oil is safe for use in fish feeds. CFIA further confirmed that Nuseed’s Omega-3 Canola poses no increased environmental risk comparing to other cultivated canola and is approved for cultivation.
Nuseed’s Omega-3 Canola fills the gap between how much omega-3 is needed to support human and animal nutrition and how little the ocean can sustainably provide. It has a unique DHA-rich fatty acid profile and has been developed as an alternative to fish oil to be included in aquafeed (marketed as Aquaterra®) and for human nutrition (marketed as Nutriterra®).
Nuseed group executive, Brent Zacharias, said the Canadian regulatory approvals are an important milestone in the development and commercialisation of Omega-3 Canola, a transformational business opportunity.
“Canada is the third largest producer of farmed salmon globally. These approvals position Nuseed to supply the Canadian market with an oil that has been shown to deliver fish health benefits and to enable industry sustainability goals; particularly in reducing the reliance on scarce marine ingredients.
“Given Canada’s position as the largest canola production country, approval also ensures our future scalability, giving us access to a key expansion market.”
Nuseed partners with growers on strict identity preserved contracts and adheres to the highest stewardship standards in production, having achieved Excellence Through Stewardship (ETS) certification.
Nuseed is progressing additional regulatory applications in other relevant markets around the world.
Topics
Species
