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Latest Oils & Fats International News

French sunflower crop damaged by heavy rains

June 27, 2016

France has suffered significant losses to its sunflower crops as a result of heavy rains causing flooding, according to the Union for the Promotion of Oil and Protein Plants (UFOP).

FEDIOL challenges palm oil biodiesel analysis by T&E

June 24, 2016

FEDIOL, the EU vegetable oil and protein meal industry association, has called into question a recent analysis by green group Transport & Environment (T&E), which referred to data obtained from FEDIOL showing that 45% of all the palm oil used in Europe in 2014 was utilised as biodiesel (see Biofuel News, OFI June 2016).

Brazil renews Soy Moratorium

June 23, 2016

Brazil’s indefinite renewal of its Soy Moratorium to prevent deforestation in the Amazon has been welcomed by associations and NGOs.Brazil’s indefinite renewal of its Soy Moratorium to prevent deforestation in the Amazon has been welcomed by associations and NGOs.

Fats, Oils and Lipids: Innovative Approaches towards a Sustainable Future

June 22, 2016

18-21 September 2016, Ghent, Belgium

Organisers of the 14th Euro Fed Lipid Congress being held on 18-21 September 2016 in Ghent, Belgium say the congress programme is now available and registration is open.

Ruchi Soya to set up new facilities in Karnataka

June 21, 2016

India's Ruchi Soya has been given the go-ahead to set up new facilities including palm fruit and kernel processing units by the Karnataka state government, just-food reported in June.

Grain and oilseeds trade grew by over 50% in last five years

June 20, 2016

Global trade of all grains & oilseeds (G&O) has grown by about 150M tonnes in the last five years, exceeding the growth of the previous five years by more than 50%, according to Rabobank’s recent report ‘Grow with the Flow: 2016 Grain & Oilseed Trade Developments’.

COFCO continues push into North America with Canadian trade office

June 17, 2016

Weeks after COFCO Agri announced it was establishing an ethanol trading desk in the USA, the Chinese state-owned agricultural trader says it is opening its first trade office in Canada as it continues its push into North America, Reuters reported on 10 June.

Glencore sells further stake in agriculture unit

June 16, 2016

Glencore Plc announced on 8 June that it has agreed to sell a 9.99% stake in its agriculture unit to Canada’s British Columbia Investment Management Corp (bcIMC) for US$624.9M.

IOI in U-turn over move to sue RSPO

June 15, 2016

Malaysia’s IOI Corporation Berhad (IOI) has decided not to sue the Roundtable on Sustainable Palm Oil (RSPO), which suspended IOI on 1 April following a year-long investigation into allegations that it had failed to protect forests and peat areas.

Court annuls EU’s anti-dumping duty on US ethanol

June 14, 2016

The European Court of Justice (ECJ) has annulled the European Union’s (EU) 9.5% anti-dumping duty on all ethanol imported from the USA, which has been in place since February 2013.

GreenPalm certificate buyers can now choose to support specific producers

June 13, 2016

Buyers of palm oil can now choose to support specific, named producers when purchasing GreenPalm certificates, which now include the name, address and GPS location of the sustainably certified mill trading each certificate, GreenPalm announced on 8 June.