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Latest Oils & Fats International News

Qantas flies first dedicated trans-Pacific biofuel flight using Carinata oilseed

February 12, 2018

Australian Qantas Airways, together with Canadian agritech company Agrisoma Biosciences, flew the first dedicated biofuel-powered flight between Australia and the USA on 28 January, using a jet biofuel produced from an industrial oilseed.

Water treatment, agrochemicals expected to drive fatty amines market until 2027

February 09, 2018

Increasing demand from water treatment applications and agrochemicals is expected to spur the growth in the overall global fatty amine market, which is projected to reach a value of US$2.6bn by 2027.

Pakistani edible oil imports grow in first half of business year

February 08, 2018

Edible oil imports by Pakistan, including soyabean and palm oil, increased significantly in the first half of the current marketing year, according to the country’s Bureau of Statistics.

Indonesia, Malaysia palm oil output projected to grow in 2018

February 07, 2018

Palm oil production in the world’s two top producers – Indonesia and Malaysia – is projected to reach new highs in 2018 as the countries recover from the poor harvests caused by El Niño.

Ugandan sunflower producer receives loan to improve production and farmer livelihoods

February 06, 2018

Ugandan government-run Microfinance Support Centre (MSC) has granted a 1bn Ugandan shilling (US$280,000) loan to edible oil firm Ngetta Tropical Holdings to improve sunflower oil production in the country.

Ferrero buys Nestle’s US confectionary business for US$

February 05, 2018

Nutella- and Tic Tac-maker Ferrero Group, a global confectionery conglomerate, entered into a definitive agreement on 16 January to purchase Nestle’s US confectionery business for US$2.8bn.

EU food safety lobby calls for legal limits on acrylamide

February 02, 2018

Consumer advocacy group Safe Food Advocacy Europe (SAFE) is calling for the EU to enact mandatory acrylamide limits after several Italian potato crisp brands tested as containing more of the potential carcinogen than recommended.

WTO rules in favour of Indonesia in EU anti-dumping duty row

February 01, 2018

The World Trade Organization (WTO) ruled in favour of Indonesia on 23 January in the case the country brought against the EU anti-dumping duties on Indonesian biodiesel exports.

EU withdraws appeals on Argentine, Indonesian biodiesel antidumping duty

February 01, 2018

The European Union withdrew the appeals it had made to the European Court of Justice on 18 January, signalling that the EU accepted the court ruling annulling its anti-dumping duties on Argentine and Indonesian biodiesel.

Arkansas bans Monsanto’s dicamba herbicide for summer 2018

January 31, 2018

The US state of Arkansas voted on 19 January to ban the use of Monsanto’s controversial dicamba-based herbicide in the summer growing season after masses of farmers experienced crop damage tied to the product.

Vegetable oil prices fell to five-month low in December

January 30, 2018

Vegetable oil prices fell to a five-month low in December, dragged down by oversupply of palm oil from Southeast Asian producers and a difficult situation persisting in the EU market.