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Latest Oils & Fats International News

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. 

China approves imports of biotech crops

January 13, 2015

​China has officially approved the import of genetically modified (GM) crops, including a corn variety developed by Syngenta AG, a soyabean variety developed by DuPont Pioneer and another soyabean variety from Bayer CropScience AG, Crop Biotech Update reports. The approval for Syngenta’s Viptera corn covers corn grain and processing byproducts, such as dried distillers’ grains for human and animal consumption.

India’s edible oil import expected to hit US$15bn

January 07, 2015

India’s import bill for edible oils is expected to touch US$15bn, a 61% increase from US$9.3bn during 2013-14 oil year, Cocommunity reported in December.

Ethanol and sugarcane prices linked in India

January 07, 2015

In December, the Indian Sugar Mills Association (ISMA) said it welcomed the government’s decision to link the ethanol price to the sugarcane price, saying that ethanol blending would save foreign exchange to the tune of Rs5,000 crore (US$800M), The Economic Times reports.

Cofco IPO plans to include Noble Group and Nidera

January 05, 2015

China’s massive state-run grain trading company, Cofco, is planning an initial public offering (IPO) that could take up to three years to complete, Global AgInvesting reported in October. The IPO will include the trading and agricultural assets of Noble Group and Nidera, which were acquired earlier this year.