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Latest Oils & Fats International News

Indonesia may reintroduce palm oil export tax

March 20, 2015

Top world palm oil producer Indonesia may reintroduce an export tax on crude palm oil (CPO) following Malaysia’s imposition on Tuesday of a 4.5% export duty on CPO.

European Parliament approves new law on GM crop cultivation

March 13, 2015

The European Parliament today approved a new law on Wednesday on growing genetically modified (GM) crops in the European Union, clearing the way for new strains to be approved after years of deadlock.

Registration for EFPRA Congress closes on 31 March

March 12, 2015

Organisers of the 15th European Fat Processors and Renderers Association (EFPRA) Congress in Poland are urging participants to sign up now for the event as registration is available only until 31 March.

More soya gets to port as Brazil truck strike eases

March 06, 2015

A major two-week truck strike in Brazil, which threatened soyabean exports, eased this week with a key highway in top soya state Mato Grosso opening.

Australian Federal Court approves Goodman Fielder takeover

March 02, 2015

The Federal Court of Australia today approved the acquisition of Australian food manufacturer Goodman Fielder by Asian agribusiness group Wilmar International and Hong Kong-listed conglomerate First Pacific Company.

Algeria aims to raise grain production

February 26, 2015

Algeria is seeking to raise domestic production of grains – beginning commercial maize production last year – and will soon approve applications from foreign investors to boost output and reduce reliance on imports, Reuters reports. The country imports nearly all of its maize needs and uses it for animal feed, with maize imports reaching 3.2M tonnes in 2013 and US$891.78M.

EU committee’s cap on biofuels from food crops may mean €7.2bn in lost turnover

February 26, 2015

The European vegetable oil sector stands to lose €7.2bn out of a current total turnover of €24bn if the European Parliament environment committee’s new 6% limit on biofuels made from food crops is adopted, says the European Vegetable Oil and Proteinmeal Industry association (Fediol).

New information on deep-fat frying

February 15, 2015

The 8th International Symposium on Deep-Fat Frying in Munich will be held on 15-17 September 2015 in Munich, Germany.

First Sustainable Oils and Fats Congress

February 12, 2015

The 1st Sustainable Oils & Fats International Congress (SOFIC) will take place on 16-17 June 2015 in Paris, France. 

ADM sells stake in Barcarena export terminal to Glencore

February 11, 2015

Archer Daniels Midland Company (ADM) announced on 3 February that it had agreed to sell a 50% stake in its export terminal in Barcarena, Brazil to Glencore Plc.

Dispiriting start to the year for biofuels

January 22, 2015

In the European Union (EU), biofuel industry buzzwords for the start of the year are 'ILUC', 'decarbonisation' and 'greenhouse gas reduction'. Delegates from all over the world gathered at the 'Fuels of the Future' conference, held in Berlin from 19-21 January 2015, to consider these and many other issues arising in the EU in the lead-up to 2020.