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Latest Oils & Fats International News

Bayer-Monsanto merger gets green light from USA

May 30, 2018

German chemicals firm Bayer has received approval from the US Department of Justice (DOJ) for its planned US$62.5bn takeover deal of agrichem company Monsanto, clearing one of its last major regulatory hurdles.

Study suggests olive oil more stable in frying and roasting than other oils

May 30, 2018

An Australian team of researchers has found that extra virgin olive oil produced the lowest amount of toxic compounds in high cooking temperatures when compared with other vegetable oils and fats.

EU court upholds ban on ‘bee killer’ pesticides

May 29, 2018

The EU General Court has upheld the region’s partial ban on three neonicotinoid pesticides that have been blamed for killing off bees, dismissing cases brought by agrochemical manufacturers Bayer and Syngenta. 

WHO calls for total industrial trans fat ban by 2023

May 28, 2018

The World Health Organization (WHO) is calling for a global ban on industrially produced trans fats by 2023, in its latest move to combat cardiovascular disease.

Prairie AquaTech begins construction of US$60M soyabean processing plant

May 25, 2018

US fish feed producer, Prairie AquaTech, is scaling up its operations from pilot level by building a new US$60M soyabean processing facility.

India gives approval to Bayer-Monsanto merger

May 24, 2018

The Competition Commission of India (CCI) has approved the US$62.5bn merger of Bayer and Monsanto, set to create the world’s largest single player in the seeds and pesticides business.

Canadian canola farmers sue oilseed trader for predatory lending

May 24, 2018

Six Canadian canola farmers have filed a class action lawsuit against Regina, Saskatchewan-based oilseed and grain commodities trader Input Capital Corp, accusing the firm of predatory lending.

Bunge halves production at German biodiesel facility

May 23, 2018

US agri trader Bunge is cutting biodiesel production at its German facility, the latest company to do following a surge of imports from Indonesia and Argentina.

Four Indian edible oil firms submit bids for Ruchi Soya

May 23, 2018

Four major Indian edible oil companies have submitted bids for debt-riddled Ruchi Soya, their fellow Indian firm producing the Soya Star and Gold brands of cooking oils.

UK ferry company launches HVO biodiesel trial

May 22, 2018

British ferry company Red Funnel has begun trials of a hydrotreated vegetable oil-based renewable diesel, produced by Green Biofuels, on passenger ships between Southampton and the Isle of Wight.

US EPA submits 2019 RFS volume proposal to White House

May 21, 2018

The US Environmental Protection Agency (EPA) submitted its proposal on 2019 Renewable Fuel Standard (RFS) blending obligations to the White House on 11 May.