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Latest Oils & Fats International News


ADM realigns business structure into four segments

March 30, 2018

US agribusiness giant Archer Daniels Midland Co (ADM) has announced a reshuffling of its organisational structure, rearranging its current business segments into four new units.


Kazakhstan to open country’s second sunflower and rapeseed oil plant

March 29, 2018

A Kazakhstani company is getting ready to launch the country’s second processing facility manufacturing both sunflower and rapeseed oils, with a goal to export its products to the lucrative Chinese market.


Indian NGO files petition to remove illegal GM oil products from store shelves

March 28, 2018

An Indian NGO submitted a complaint to the country’s food safety authority on 16 March, calling for immediate action against the alleged illegal import and sale of genetically modified (GM) edible oil products in India.


EFSA confirms safety of fatty acid salt food additives

March 27, 2018

The European Food Safety Authority (EFSA) has confirmed that sodium, potassium, calcium and magnesium salts of fatty acids are safe when used as food additives.


ADM to suspend biodiesel production at German plant

March 27, 2018

US agribusiness group Archer Daniels Midland Co (ADM) will temporarily suspend production at its 275,000 tonnes/year biodiesel plant in Mainz, Germany because of increased biofuel imports into the EU, Reuters reported on 23 March. 


Noble Group founder resigns amid lawsuit and bond default

March 26, 2018

The embattled Noble Group is facing a US$39M default in bonds, a lawsuit from a top shareholder and the resignation of its founder, World Grain reported on 23 March.

 


EU-Malaysia fighter jet deals hinge on palm oil ban proposal

March 26, 2018

Malaysia could call off several trade deals with EU countries, including the purchase of new fighter jets for its military, if the European bloc goes forward with its planned phase-out of palm oil biodiesel.


Brazil to plant first 400ha of GMO sugarcane

March 23, 2018

Brazilian sugar mills are preparing to plant an initial 400ha of the world’s first genetically modified sugarcane variety, according to its developer Centro de Tecnologia Canavieira (CTC).


EU court rules the bloc must remove anti-dumping duties on Indonesian biodiesel

March 22, 2018

The European Court of Justice has upheld an appeal by Indonesia and ruled that the EU must remove the current 8.8-23.3% anti-dumping tax imposed on Indonesian biodiesel.


EU approves Bayer-Monsanto merger

March 22, 2018

The EU’s antitrust authorities have approved the US$62.5bn merger of German chemicals company Bayer and American biotech firm Monsanto, which would create a company controlling more than a quarter of the global seed and pesticide market.


JM Smucker and Conagra drop Wesson deal after regulatory complaint

March 22, 2018

American food companies JM Smucker and Conagra Brands have decided to drop their deal over the sale of the Wesson edible oil brand to JM Smucker due to regulatory difficulties.