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Latest Oils & Fats International News

EU member states oppose decision to ban palm oil biodiesel

3 hours ago

Three EU member states have backed Malaysia in its ongoing dispute over a proposed phase-out of palm oil from EU biodiesel.

Veramaris begins construction of US$200M algal omega 3 facility

8 hours ago

Health and nutrition firm DSM and the speciality chemicals company Evonik have officially set up their Veramaris joint venture and started construction of a US$200M plant to produce algae-based omega 3 fatty acids.

Bayer sues Russian competition authority over Monsanto merger delay

February 20, 2018

German chemicals giant Bayer has sued Russia’s Federal Antimonopoly Service (FAS) over the delay in approving its planned US$66bn merger with US agritech firm Monsanto.

Arla to acquire Yeo Valley organic butter and other dairy brands

February 20, 2018

Danish dairy firm Arla’s UK branch Arla Foods is set to acquire Yao Valley Dairies, a subsidiary of Bristol, UK-based organic dairy producer Yeo Valley Group.

Australia approves omega 3 producing GMO canola for food and feed applications

February 19, 2018

Australian regulators have approved a new omega 3-producing GM canola variety for food and animal feed applications, developed by Australian agrichemical firm Nufarm’s subsidiary, Nuseed.

Nestle cuts ties with Guatemalan palm oil firm suspected of corruption

February 19, 2018

Global consumer goods firm Nestlé has broken off a supply contract with Guatemalan palm oil company Reforestadore de Palmas del Peten (Repsa) due to accusations of corruption.

Heavy rains causing soya crop losses, transport issues in Brazil

February 16, 2018

Crop losses to diseases and spoilage and transport difficulties caused by the heavy rains during the early months of 2018 are threatening the ongoing 2017/18 soyabean harvest in Brazil.

India more than doubles import duties on several vegetable oils

February 16, 2018

India, the world’s largest edible oil importer, more than doubled the import duties on several vegetable oils – such as olive and cottonseed oil – on 1 February.

Argus launches price assessments for Chinese UCO and UCOME

February 15, 2018

UK-headquartered commodity news and price reporting agency Argus launched new price assessments on 2 February for used cooking oil (UCO) and UCO methyl ester (UCOME) imported from China to Europe.

Low EU production, growing global demand good news for smaller olive oil producers

February 14, 2018

Poor harvests in the southern European producer countries and growing demand in key markets boosted olive oil imports from less prominent producers in 2017, according to an Olive Oil Times report on 30 January.

Thai palm oil firm plans to open 16,000ha plantation in Laos

February 13, 2018

Thai palm oil trader OPG Tech Co is planning to establish a new oil palm plantation and increase biodiesel production in neighbouring Laos, due to diminishing business opportunities in Thailand.