(via Thenewswire.ca)
January 28, 2015 / TheNewswire / CALGARY, ALBERTA. Sunora Foods Inc . ("Sunora" or the "Corporation") (TSX Venture: SNF) is pleased to announce the signing of an agreement to supply a major Asian trading partner with its portfolio of Canadian manufactured food oils. This agreement will result in increased shipments of primarily canola oil, a product that is in high demand throughout Asia. This agreement further complements existing arrangements to supply food oils to Asia as previously announced in 2014 by the Corporation.
Sunora continues to penetrate the Asia market for food oils, with specific focus to China and other important countries in Asia. Asian countries demand for high quality Canadian food oils, including canola oil, is a primary driver for the increasing international shipments from Sunora. With a population of 1.35 billion people, it is expected that Chinese imports will continue to rise in 2015 and beyond.
Imports of Canadian Canola to China (2013)
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| |Canadian Canola |Value of |
| |imports (tonnes)|Canadian Canola|
| | |imports |
|-------------------------------------|
|Seed|2,870,000 |$1.8 billion |
|-------------------------------------|
|Oil |855,000 |$1.0 billion |
---------------------------------------
Source: Canola Council of Canada
President and CEO Steve Bank states: "We are very pleased to continue the delivery of high quality Sunora products to new and existing customers both domestically and internationally. Our ability to source and deliver in a timely manner has resulted in additional interest internationally, and we are receiving significant orders on a weekly basis."
Canola oil is the healthiest commodity oil available to consumers, the food service industry and food processors. Additional information related to canola oil and its health benefits can be viewed on the Canola Council of Canada website: http://www.canolacouncil.org/
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.
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