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Latest OFI Magazine News

EU faces a possibly butterless Christmas as prices reach all-time highs

August 07, 2017

The price of butter has skyrocketed in Europe over the past months due to cold weather and farmers going out of business, which is fuelling concerns among food manufacturers.

California approves additive to make biodiesel “cleanest” liquid fuel in the USA

August 04, 2017

The California Air Resource Board (CARB) certified on 20 July a new biodiesel additive that reduces the fuel’s emissions, making it the “cleanest” tested diesel fuel in the USA.

Cargill and Delacon ink strategic partnership deal in feed additives

August 03, 2017

Global agribusiness corporation Cargill and Austrian phytogenic feed additive firm Delacon signed a strategic partnership agreement on 6 July to advance the market for natural, plant-based feed additives.

Brazil delays decision on ethanol import tariffs by 30 days

August 03, 2017

Brazil’s Foreign Trade Chamber – Camex – has delayed a decision on whether it will impose an ethanol tariff to combat surging US imports by 30 days.

Blackstone and CVC to bid for Unilever spreads division

August 02, 2017

Private equity companies Blackstone and CVC Capital Partners have jointly requested permission from Unilever to make a joint bid for the consumer goods firm’s spreads division.

EU halves biodiesel anti-dumping duties on Argentina and Indonesia

August 02, 2017

The European Union will cut its anti-dumping tariffs on Argentine and Indonesian biodiesel by more than half to bring them in line with a ruling on the matter by the World Trade Organization (WTO).

Two of world largest equity forms join forces to bid for Unilever spreads

August 01, 2017

Bain Capital and Clayton Dubilier & Rice, two large-scale global private equity groups, have joined forces to make an offer for Anglo-Dutch food giant Unilever’s spreads department.

China makes second biggest purchase ever of US soya

August 01, 2017

Chinese soyabean importers have made the second largest purchase of US soyabeans in history, valued at approximately US$5bn and consisting of 12.5M tonnes of product.

DuPont Pioneer and Evogene sign agreement to develop corn bio-stimulants

July 31, 2017

DuPont’s biotech subsidiary DuPont Pioneer and Israeli crop research firm Evogene announced on 26 July that they had entered into a multi-year collaboration agreement to develop microbiome-based seed treatments for corn.

Bunge launches US$250M competitiveness programme

July 31, 2017

Global agri and food company Bunge Ltd announced on 19 July its plans to implement a comprehensive competitiveness programme to improve its position, faced with a tough market and surprise grain stockpiling.

Louis Dreyfus sells African fertilisers and inputs business

July 28, 2017

Agricultural commodity trade Louis Dreyfus Co. (LDC) has sold its Africa-based Fertilizers and Inputs Holding B.V. to private investment firm Helios Investment Partners on 24 July.