This May, Việt Nam will welcome experts and researchers from 20 countries across five continents to participate in the International Conference on Rice Bran Oil (ICRBO) 2018.
The conference will discuss strategies for the promotion of the global rice bran oil production industry.
This is the fifth year that the International Association of Rice Bran Oil (IARBO) will hold an international conference to increase rice bran oil production in its five member countries: Japan, India, China, Thailand and Việt Nam. The event will take place from May 23-25, 2018, with the theme “The world’s premium healthy oil”.
This year’s conference is expected to gather more than 200 participants, including health professionals, scientists and entrepreneurs, and so on from 20 countries of 5 continents. It will welcome representatives of the largest rice bran oil producing and trading enterprises in the world, such as the Solvent Extractors’ Association of India; Tsuno Food, Oryza Group (Japan); WilmarGroup (Việt Nam, India and China); Chinese Cereals and Oils Association and the United States Pharmacopeia.
The conference will discuss issues such as sharing of technologies and researches as well as marketing benefits of rice bran oil to users.
The International Conference on Rice Bran Oil will be held for the first time in Việt Nam.
Rice bran oil is one of the healthiest vegetable oils and is widely used in many countries, such as New Zealand, Australia, Japan, South Korea, India, the United States as well as Europe. The oil is extracted from the rice bran layer within six hours after being separated from rice grains to retain nutritious substances,such as Gamma-Oryzanol, Phytosterol and Vitamin E.
According to Business Wire (a US-based media company), the global rice bran oil market has grown by three per centevery year during 2010-2017, yielding 1.5 million tonnes in 2017. Health factors, particularly the balance of fatty acid ratio and the many benefits for the cardiovascular system, have contributed to the growth of the global rice bran oil market.
According to Research Gate’s market research,the potential for rice bran production is 29.3 million tonnes per annum. Rice is grown in at least 114 countries, producing a global output of 645 million tonnes. Up to 70 per cent of the rice can be collected from the milling process, which can serve half of the world’s population, and eight per cent of rice bran can be used to produce the oil.
Oil is refined within six hours after being separated from rice grains.
Currently, 90 per cent of the global rice output comes from Asia. The five members of IARBO possess great potential to produce rice bran oil, adding tremendous value to rice plants. India is presently one of the world’s largest rice producers, accounting for 75 per cent of the global production, followed by China and Japan.
In Việt Nam, Wilmar Agro Vietnam Ltd has invested in two rice bran oil extraction plants in the Mekong Delta, with a total extraction capacity of up to 1,200 tonnes per day. This is the largest plant in the country in terms of extraction, providing large quantities of crude oil for domestic and foreign markets.
Cái Lân Oils and Fats Industries Company, which owns refined rice bran oil brand Simly, said its refinery required modern machinery and advanced technology to keep intact the nutrition of Gamma-Oryzanol and balance fatty acid groups in rice bran oil. Currently, the company’s products are mainly exported to Japan, Europe, China and the Middle East as well as partly sold in the domestic market.
Established in 2013, IARBO is a non-profit, non-governmental organisation. Its mission is to connect manufacturers, research institutes, universities and consumers to promote the production and consumption of rice bran oil in the world.
At this year’s conference, IARBO will hold the first rice bran oil research competition for students of the participating countries, with a total prize of US$21,000. In addition to in-depth reports, the conference will also set up display booths to showcase rice bran oil-related products.
For more information, visit http://icrbo2018.org.