Sunora Foods Receives Increased Orders for China and Bulk Oil


Follow this company

Companies Mentioned

TSX.V:SNF
07/22/2014 [ACCESSWIRE]

CALGARY, AB / ACCESSWIRE / July 22, 2014 / Sunora Foods Inc. ("Sunora" or the "Corporation") (TSX Venture: SNF) is pleased to announce increased orders of packaged and bulk canola oils to new customers in July. These deliveries further the Corporation's business strategy of increasing the global footprint for Sunora food oil products.

China

Sunora has recently received additional orders for canola oil into Mainland China. The focus of these orders is packaged canola oil, which has seen increased demand from this country in recent periods. According to the Canola Council of Canada, Canadian canola exports rose by 62 percent to China, which is the largest buyer followed by Japan and Mexico. Sunora continues to field additional inquiries from Chinese importers, and expects to meet increased demand from existing supply contacts.

North America

Sunora continues to deliver both packaged and bulk canola oil to the United States. Recent requests have resulted in increased purchase orders from United States based customers, particularly for bulk oil. In 2013, canola oil exports to the United States doubled according to the Canola Council of Canada.

Canola oil continues to gain market share due to its low levels of saturated fats and richness in vitamin E. Canola oil is a highly desirable oil for frying foods as it had a neutral taste and high burn point.

About Sunora Foods

Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the "Sunora", "Sunera" and numerous private label brands.

For further information

Dean Stuart

Investor Relations

T: 403 517 2270

E: dean@boardmarker.net

Steve Bank

Chief Executive Officer and President

T: 403 247 8300

E: steve.bank@sunora.com

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE: Sunora Foods Inc. 

COMMENTS

Leave a comment...
 * 

Your Name
 *