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Latest Oils & Fats International Magazine News

BASF eyes Bayer assets in a late-stage strategy U-turn

September 28, 2017

German chemical producer BASF could be looking to make a late entry into the seeds business by making a bid for the assets its rival Bayer is divesting ahead of its Monsanto takeover.

Neste and Geneva Airport to collaborate on renewable jet fuels

September 27, 2017

Geneva International Airport and Finnish waste-based biofuels producer Neste have entered into a collaboration agreement to begin the decarbonisation of air traffic at the airport.

Continental acquires 16% interest in rice bran oil maker RiceBran Technologies

September 26, 2017

US food and agribusiness Continental Grain Company acquired a 16% interest in American rice bran product manufacturer RiceBran Technologies (RBT) on 14 September.

Fungal resistant soyabean gene could save farmers hundreds of millions of dollars

September 25, 2017

Researchers from American Purdue University, in collaboration with Dow Agrosciences, have discovered a novel soyabean gene that could provide resistance to a fungal disease that costs farmers millions in lost crops.

US grocery manufacturers support GMO labelling for oils, sugars

September 22, 2017

The US Grocery Manufacturers Association (GMA) is supporting the inclusion of highly refined ingredients (HRI) – such as oils and sugars – derived from bioengineered crops in the mandatory labelling standard for genetically modified foods.

Chinese soya imports to stagnate as a result of increased domestic production

September 21, 2017

China is expected to produce 4.4M tonnes more soyabeans in the 2017/2018 season, a boost in production not seen in many years, Artem Hammerschmidt, a senior analyst at Oil World told the Black Sea Oil Trade conference in Ukraine on 19 September.

China to mandate 10% ethanol fuel blends by 2020

September 21, 2017

China intends to introduce a 10% mandate for ethanol use in petrol by 2020 in an attempt to cut down its massive corn stockpiles and reduce pollution.

Health awareness, R&D expected to spur growth in edible oils

September 20, 2017

Increasing health consciousness among consumers and producers’ focus on research and development (R&D) are set to drive the growth of the edible oil market in the coming years, a new market study finds.

Vivergo: UK’s 2% crop biofuel cap could prop up foreign feed producers

September 19, 2017

The UK government’s planned 2% cap on crop-based biofuels could be “disastrous” for the country’s farmers and ethanol and feed producers, playing into the hands of foreign high-protein feed exporters, according to Vivergo Fuels.

China’s largest port construction company to build soya/grain handling port in southeastern Brazil

September 18, 2017

China Communications Construction Co Ltd (CCCC)  – China’s largest port construction and dredging company – is expected to sign a deal on 31 December to build a grain handling terminal in the southern Brazilian state of Santa Catarina, the China Daily reported on 5 September.

US ethanol industry calls for response on Brazilian tariffs

September 15, 2017

US biofuel producers are calling on the country’s government to develop an “immediate response” to the newly implemented Brazilian import tariffs on American ethanol.