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Latest OFI Magazine News

USA launches probe into Spanish ripe olive imports

July 27, 2017

The US Department on Commerce initiated an antidumping and countervailing duty investigation into Spanish olive imports on 13 July after allegations that ripe olives were being dumped into the USA.

Bunge focuses Russian grain operations on Azov Sea

July 26, 2017

Global agri and food company Bunge has decided to focus its Russian grain trade in its Azov Sea export terminal in southwestern Russia to boost efficiency.

New non-GMO soyabean variety could increase Indian yields by 50%

July 25, 2017

Ruchi Hi-Rich Seeds, an Indian joint venture of multiple agri companies operating in the country, has developed a non-GMO soyabean seed variety that could increase yields by 50% when compared to currently used strains.

Removal of ancient olive trees prompts clashes in Italy

July 24, 2017

Protesters and police clashed in southeastern Italy as contractors were preparing uproot up to 10,000 olive trees to make way for the controversial Trans Adriatic Pipeline (TAP), which is set to move gas from Azerbaijan to Europe.

EBB: Poland harms EU biodiesel industry and climate efforts with ‘unfair’ exports

July 21, 2017

“Unfair” Polish biodiesel exports are seriously damaging the EU internal renewable fuels markets and no action has been taken to correct the situation, the European Biodiesel Board (EBB) claims.

Unilever suspends palm oil purchases from Sawit Sumbermas Sarana due to deforestation

July 20, 2017

Global consumer goods giant Unilever suspended on 27 June sourcing of materials from Indonesian palm oil company Sawit Sumbermas Sarana (SSS) after a report linked the firm with unsustainable palm oil practices.

NBB files claim alleging Argentine biodiesel has caused ‘critical circumstances’ in USA

July 20, 2017

US biodiesel trade association National Biodiesel Board’s (NBB) Fair Trade Coalition filed a complaint on 11 July with the US Department of Commerce (DoC) that claims that Argentine biodiesel imports have pushed the US market to “critical circumstances”.

Soyabeans clog up Chinese ports due to import spree

July 19, 2017

Chinese ports are facing severe congestion with ships carrying as much as 700,000 tonnes of soyabeans waiting to discharge their cargo as a result of a purchase spree in recent months.

Croatian retail giant’s debt issues shake regional olive oil market

July 18, 2017

Agrokor, a Croatian food and retail concern, is planning to close up to 100 of its Konzum grocery stores, which could affect regional olive oil prices and cut its olive oil production.

Study: Olive oil may be a safer choice for frying than other oils

July 17, 2017

Spanish researchers have released a study suggesting that using olive oil to fry food is not any more harmful than using other oils, and it may in fact be safer.

Raízen plans to boost ethanol production with next-generation technology

July 14, 2017

Brazil’s largest sugarcane ethanol producer Raízen is planning to scale up production by more than five-fold at its new second-generation biofuel plant over the next two years.