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Latest Oils & Fats International News


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.


Continuation of EU biofuel strategy threatened, says UFOP

January 05, 2015

Industry body the Union zur Förderung und Oel- und Proteinpflanzen (UFOP) said last October that it feared the EU decarbonisation strategy in the transport sector would be phased out if there was no update to the initial targets for the reduction of greenhouse gas (GHG) emissions in the sector, which are binding for all member states.


Stena increases freight costs following new ECA regulations

January 05, 2015

Swedish ferry operator Stena Lines has become the latest company to warn of an economic shift following the introduction of stricter rules on sulphur emissions, including charging higher freight costs as a result of new regulations.


LanzaTech, IOC-DBT recycles CO2 into omega-3 fatty acids

January 05, 2015

In Illinois, USA, LanzaTech and a research team from the IOC-DBT Center for Advanced Bio-Energy Research (an entity co-funded by India’s Department of Biotechnology and Indian Oil Corporation Limited) have announced the development of a new process to recycle carbon dioxide (CO2) emissions into omega-3 rich fatty acids. 


Malaysia’s oleochemical exports to climb to US$343.3M

December 12, 2014

Malaysia’s oleochemical exports are expected to climb 20% to surpass RM11.2bn (US$343.3M) this year, thanks to manufacturers’ efforts in upgrading their fatty acids and fatty alcohol throughput, My Palm Oil reported in December.


Discount for OFI subscribers to Oleofuels 2015

December 11, 2014

Oil & Fats International (OFI) subscribers are being offered a 15% discount to the Oleofuels 2015 conference, to be held in Frankfurt, Germany on 10-11 June 2015.


EU law to allow national ban of GM crops

December 05, 2014

In December, Members of the European Parliament (MEPs) and EU member states agreed on a new law that would allow national governments to ban genetically modified (GM) crops, even if they have been approved by the European Food Safety Authority (EFSA), European Voice reports. 


Indonesia asks EU to ease Indonesia palm oil import regulations

December 04, 2014

​Indonesia, the world’s largest producer of palm oil, has asked the European Union (EU) to ease its regulations on palm oil imports, mainly to help Indonesian farmers benefit from exporting the commodity, The Jakarta Post reported in November.


Unilever promises 100% sustainable palm oil by end of 2014

November 28, 2014

All palm oil used by Unilever PLC’s European food business will be derived from sustainable sources by the end of 2014, The Wall Street Journal reported the company as saying on 19 November.