Business
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 ca
About this update from Australian Oilseeds Holdings Limited
[{"type":"image","alt":"Australian Oilseeds Investments Pty Ltd.","displaySize":"","headline":null,"caption":"Australian Oilseeds Investments Pty Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":189,"height":96,"url":"https://media.zenfs.com/en/globenewswire.com/c2013be0f0f9467d1b0117f85e640d22"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6hKbJJOIawYPi.86wqNXGQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTE4MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c2013be0f0f9467d1b0117f85e640d22","width":189,"height":96}},"lazy":false},{"type":"text","content":"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.","length":312,"tagName":"p"},{"type":"text","content":"“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.”","length":486,"tagName":"p"},{"type":"text","content":"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.","length":564,"tagName":"p"},{"type":"text","content":"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 primari...