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Latest Oils & Fats International News

Indonesia to boost domestic biodiesel usage in 2018

April 12, 2018

Indonesia’s Energy and Mineral Resources Ministry intends to increase and expand the country’s national biodiesel mandate in order to cut fossil fuel imports and boost the consumption of palm oil.

USA reportedly ready to approve Bayer-Monsanto merger

April 11, 2018

The US Department of Justice (DOJ) is set to approve the US$62.5bn merger of German chemicals firm Bayer and US agrichemicals company Monsanto, according to reports from Reuters and Wall Street Journal.

LDC acquires Chinese soyabean crush and refining facility

April 11, 2018

Louis Dreyfus Co, through its LDC (China) Trading Co subsidiary, has acquired Chinese Sinarmas Natural Resources Foodstuff Technology (Tianjin) and its soyabean crush and refining facilities.

IFC hands US$15M loan for Myanmar bulk terminal

April 10, 2018

The International Finance Corp (IFC), a member of the World Bank, has agreed to give a multi-million dollar loan to Myanmese International Bulk Terminal (Thilawa) Co (IBTT) for the development and operation of a bulk terminal.

Copa and Cogeca urge continued 7% share of crop-based biofuels in transport until 2030

April 09, 2018

EU farmer and agri-cooperative associations, Copa and Cogeca, have urged the EU to maintain the 7% share of crop-based biofuels used in transport until 2030.

Pakistan plants more olive trees

April 06, 2018

A total area of 5,665ha will be planted with 120,000 olive trees in Balochistan province, southwest Pakistan, as part of a campaign to promote olive cultivation and increase the production of edible oils, Olive Oil Times reported on 19 March.

China retaliates against US trade action, sets tariffs on soya

April 05, 2018

China is looking to impose tariffs on key US imports – including soyabeans, beef and chemicals – in retaliation against the US government’s plan to impose tariffs of its own on Chinese IT products.

EU faces biodiesel import surge after anti-dumping duty ends

April 05, 2018

The EU’s removal of duties on Argentina and Indonesian biodiesel could result in a flood of imports starting in April and the closure of some small producers, according to the head of a major German biodiesel producer.

Ferrero discloses palm oil mills following Greenpeace report

April 04, 2018

Italian chocolate and confectionery producer Ferrero has disclosed the location of 116 mills it sources palm oil from following a 19 March Greenpeace report condemning eight large-scale consumer goods companies for failing to disclose their palm oil supply chains.

Russian firm develops 80% protein product from sunflower press cake

April 03, 2018

BioTechnologies, a Russian sunflower processing firm, has developed a process to extract high-value plant protein from sunflower press cakes, a by-product of sunflower oil production.

Panama Canal signs deal to promote Brazilian soyabean shipments

April 02, 2018

The Panama Canal Authority (PCA) has signed an agreement with the Association of Soybean and Corn Producers of Mato Grosso (Aprosoja) to promote the Panama Canal’s position in the logistics chain from northern Brazil to Pacific ports.