Suez toll revenue drops by 60% and canal tests two-way traffic

Suez toll revenue drops by 60% and canal tests two-way traffic

14th January, 2025

Toll revenue at the Suez Canal has dropped by 60% this year – a loss of U$7bn for the Egyptian economy – amid attacks on shipping in the Red Sea and ongoing regional tensions, FreightWaves wrote.

Oiltek secures contract for new 200 tonnes/day crude palm kernel oil fractionation plant in Malaysia

Oiltek secures contract for new 200 tonnes/day crude palm kernel oil fractionation plant in Malaysia

13th January, 2025

Vegetable oil process technology provider Oiltek International has secured new contracts for a new 200 tonnes/day crude palm kernel oil (CPKO) fractionation plant in Malaysia.

Brazil’s soyabean outlook boosted by ideal weather conditions

Brazil’s soyabean outlook boosted by ideal weather conditions

13th January, 2025

Ideal weather conditions throughout Brazil have increased soyabean yields and raised expectations of another bumper crop on an increased planted area for 2024/25, according to a US Department of Agriculture (USDA) report.

Latest issue: OFI January 2025

OFI January 2025

The January 2025 issue is packed full of news, special features and market updates to keep you informed and up to date on the edible oils and fats market.

In my comment, I discuss the potential economic and political consequences of Donald Trump’s victory in the US presidential election, from issues such as import duties and agricultural policies, to climate change and the war in Ukraine.

Our January 2025 issue examines the impact of the one-year implementation delay to the EU Deforestation Regulation (EUDR).

We also present a special focus on the supply and demand outlook for lauric oils.

In addition, we analyse the life cycle of rendered products and ship owner Odfjell’s outlines its perspective of the global shipping market.

The issue includes a…