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Latest Oils & Fats International News

EU transport committee votes down crop biofuel, palm biodiesel phase-out

20 hours ago

The European Parliament has voted against a biofuel policy proposal calling for a phase out of crop-based biofuels and a ban on palm oil biodiesel.

India drastically increases oilseed import duties

November 24, 2017

The Indian government has dramatically increased the import taxes on various edible oils by 60% to 100% after the country’s farmers expressed economic concerns about cheap imports.

Wilmar to acquire Cargill’s Malaysian edible oil facilities

November 23, 2017

Wilmar Kuantan Edible Oils, a Malaysian edible oils subsidiary of Asian agribusiness group Wilmar International, has entered into an agreement to purchase Cargill’s edible oil facilities in Malaysia.

USDA scraps proposed biotechnology regulation change

November 23, 2017

The US Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) has withdrawn a proposed rule change to its biotechnology regulations put forward by the outgoing Obama administration in January.

Bunge reshuffles organisational structure in cost savings programme

November 22, 2017

Global agribusiness and food firm Bunge has announced an organisational and leadership reshuffle as part of its ongoing US$250M competitiveness programme to improve its market standing.

Indonesia threatens milk powder import ban if EU continues squeeze on palm oil

November 22, 2017

Indonesia has threatened to block European milk powder imports if the European Union (EU) goes forward with its plans to restrict the import and use of palm oil.

EBB asks European Commission for countervailing duties on Argentine biodiesel

November 21, 2017

The European Biodiesel Board (EBB) has filed a complaint with the European Commission (EC) claiming Argentina is illegally subsidising its biodiesel exports, creating a market distortion.

Algal omega-3 producer AlgaeCytes opens new facility

November 21, 2017

AlgaeCytes, a UK-based firm extracting omega-3 oils from algae, is launching commercial operations at a new production facility in the Discovery Park business estate in Sandwich, Kent.

Berlin to host Fuels of the Future on 22-23 January

November 21, 2017

The 15th International Conference on Renewable Mobility “Fuels of the Future” is set to offer a broad spectrum of presentations on the latest technological developments in the transport industry, fuel and engine development.

Trump, Xi witness ADM-COFCO deal to export US soya into China

November 20, 2017

US agribusiness Archer Daniels Midland Co (ADM) and China’s state-owned food and agri firm COFCO have signed a memorandum of understanding (MoU) to export US soyabeans into China.

Cargill to invest US$240M in Indian edible oils

November 20, 2017

Global food and agriculture company Cargill will be investing US$240M over the next five years in its Indian operation.